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Eurazeo rolls out real estate fund

Awarded the European long-term investment fund label, it can be sold to non-professional investors as well as institutiona


Pete Carvill

Eurazeo has launched its European Real Estate (EERE) II Eltif fund aimed at individual investors.

According to the firm, its strategy is at the crossroads of private equity and real estate. This fund is part of a €1bn investment programme. EERE II will take a share of each investment made by the group’s real assets team. All investments include non-financial criteria based on Eurazeo’s O+ strategy.

Eurazeo said the fund has been awarded the European Long-Term Investment Fund (Eltif) label, which means that it can be distributed to non-professional investors throughout Europe, as well as to institutional investors.

Agathe Bubbe, manager for private wealth solutions at the firm, said: “Buoyed by the success of our various investment vehicles through which we make our institutional strategies available to individual investors, today we are  launching European Real Estate II Eltif. Our activities in European real assets, which help companies boost their growth and performance, represent an excellent opportunity for individual investors.”

They added: “With this new programme, Eurazeo takes a step further to make its investment strategies accessible to individual investors and provide clients with solutions intended to diversify their investments in ways that support the real economy.”

Eurazeo is far from the only firm making real estate announcements in recent weeks. At the end of April, Mapfre and Munich Re announced that they were teaming up to invest European real estate.

As we wrote back then, 2022 does not seem to be the worst year in which to invest in the asset class as employees move back into the office.

More interestingly, Eurazeo has seen Robin Rivaton, its former asset manager, jump ship in recent weeks to become CEO of Stonal. Rivaton told that he had been happy at Eurazeo and was leaving for a ‘once-in-a-lifetime opportunity’.