On This Page
Eurazeo Prime Income Credit (EPIC)
Key Statistics
Fund Size
€100M
Target Return
7.6%
Annualized Return
N/A
Launch Year
2025
Min. Investment
€10,000
Availability
Open through selected distributors
Structure
Part II SICAV-SCA sub-fund (ELTIF 2.0)
Product Category
Open-end
Domicile
Luxembourg
GP Type
Single
Liquidity Level
Semi-liquid
Management Fee
N/A
Carry
Performance fee applies; rate not disclosed in KID%
ISIN
LU3086780247
Currencies
EUR
Investor Eligibility
Retail
Liquidity Options
Quarterly redemptions up to 5% of NAV per quarter
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
4 out of 7
Annual Returns (KID Scenarios)
Stressed
-3.67%
Moderate
5.12%
Favorable
7.58%
Average Total Cost Level (KID)
3.4%
Allocations
Investment Strategy
Industry Focus
Information about fund
EPIC at a Glance
Eurazeo Prime Income Credit (EPIC) is the private-debt half of the two pan-European evergreen funds Eurazeo announced on 26 November 2025. It is a sub-fund of Eurazeo Prime, a Luxembourg Part II SICAV, and qualifies as an ELTIF 2.0, which opens it to retail investors from EUR 10,000. The fund lends to European mid-market companies, mainly through senior secured first-lien loans, and targets a quarterly coupon of 6% per year. It started with more than EUR 100 million of initial capital from Eurazeo and one institutional investor. Eurazeo's private-debt platform managed EUR 11.8 billion at 30 June 2026.
Key Figures
Initial Capital
EUR 100M+
Seed from Eurazeo and one institutional investor, Nov 2025
Target Distribution
6% p.a.
Quarterly coupon target, Q3 2025 teaser; not a forecast
Minimum
EUR 10,000
Single paid-in subscription, monthly top-ups at NAV
Ongoing Costs
2.19%
Class A1 KID; entry up to 2%; cost impact 3.4%/yr over 10 years
Risk Indicator
4 / 7
KID 16 Sep 2025; recommended holding period 10 years
Manager Private-Debt AUM
EUR 11.8B
Eurazeo group EUR 40B, 30 June 2026
Structure & Terms
| Legal Structure | Sub-fund of Eurazeo Prime, Luxembourg Part II SICAV-SCA, ELTIF 2.0; CSSF-authorised |
| Manager | Eurazeo Global Investor (AMF-regulated); depositary BNP Paribas, Luxembourg branch |
| Strategy | Senior secured first-lien direct lending to European mid-market companies; max 3% per issuer on average, LTV below 50%, floating rate; SFDR Article 8 |
| Subscriptions | Monthly NAV; fully paid-in, no capital calls; via Allfunds and Clearstream |
| Redemptions | Quarterly after an 18-month lock-up; capped at 5% of NAV per quarter and 20% per year; early redemption fee within 12 months of subscription |
| Share Class / ISIN | Class A1: LU3086780247 (EUR) |
| Distribution Countries | Austria, Belgium, France, Germany, Italy, Luxembourg, Netherlands, Spain, Sweden, Switzerland, UK (intended); Spain professional clients only |
Points to weigh. The fund is new: it has no published NAV history, no realised returns and no fact sheet yet, so the only forward-looking figures are the KID scenarios, which range from -3.67% per year (stress) to 7.58% (favourable) over ten years. Liquidity is limited by design: nothing can be redeemed in the first 18 months, quarterly windows are capped at 5% of net assets, and requests can be scaled back or suspended. Costs are high relative to listed bond funds, with 2.19% ongoing charges, an entry fee of up to 2% and a performance fee whose rate is not shown in the KID. Loans to mid-market borrowers are typically unrated or below investment grade, and the prospectus allows mezzanine and other subordinated instruments alongside senior debt. The 6% coupon is a target, not a promise.
Deepdive & Related Funds
Other Eurazeo Funds
Eurazeo Prime Strategic Opportunities (EPSO)
Eurazeo Prime Strategic Opportunities (EPSO) is an evergreen private-equity secondaries fund launched by Eurazeo at the end of 2025 for private investors across Europe. It buys existing stakes in mature European mid-market companies, targets more than 100 underlying holdings and offers quarterly liquidity capped at 5% of NAV after a three-year lock-up.
Eurazeo Private Value Europe 3
Eurazeo Private Value Europe 3 (EPVE3) is a French FCPR launched in July 2018 by Eurazeo Global Investor: an evergreen hybrid of ~60% private debt and ~40% private equity (secondaries and co-investments) in established European mid-market companies. Over €3 billion raised and 200+ portfolio companies by June 2025; target 6–8% net a year; weekly subscriptions, quarterly redemptions capped at 5% of NAV; 1.88% recurring fees (A/C units); distributed across Europe via Moonfare since 2024.
Comparable Funds
Amundi Private Markets ELTIF
Amundi Private Markets ELTIF (“Amundi Prima”) is an evergreen Luxembourg ELTIF launched in November 2024 by Europe’s largest asset manager, run by Amundi Alpha Associates. It allocates flexibly across private equity, private debt and infrastructure in Europe’s real economy (energy transition, digital, social and territorial projects). €1,000 minimum, monthly subscriptions, quarterly redemptions capped at 5% of NAV, SFDR Article 8, KID risk 5/7. Fund size and returns are not yet published.
Apollo European Private Credit ELTIF
Apollo European Private Credit ELTIF (AEPC) is an evergreen, semi-liquid ELTIF 2.0 sub-fund of the Luxembourg-domiciled Apollo Private Markets SICAV. The fund seeks current income from newly originated, primarily first-lien senior secured direct lending to large-cap and upper middle-market European companies, with monthly subscriptions and quarterly redemption windows.
Apollo Global Diversified Credit ELTIF
Apollo Global Diversified Credit ELTIF (AGDC) is an evergreen ELTIF 2.0 fund investing in a global multi-asset credit strategy of corporate direct lending, asset-backed lending and public fixed income, focused on North America and Europe. A sub-fund of the Luxembourg Apollo Private Markets SICAV authorized by the CSSF in August 2025, it offers monthly subscriptions and quarterly redemptions.
Ares European Strategic Income Fund (AESIF)
Ares European Strategic Income Fund (AESIF) is Ares’ evergreen European direct-lending vehicle: a perpetual-life Luxembourg Part II SICAV (inception January 2024) holding senior secured, floating-rate loans to Western European mid-market companies. €4.7 billion across 358 investments by January 2026, 9.5% annualized net return since inception with ~1% volatility, monthly dealing with 2%/5% gates, 1.25% management fee plus 12.5% performance fee over a 5% hurdle, from €25,000.
Blackstone ECRED
Blackstone European Private Credit Fund (ECRED) is Blackstone’s evergreen European direct-lending vehicle: a Luxembourg SICAV launched in October 2022 that originates floating-rate, first-lien senior secured and unitranche loans to upper-mid-market European companies. €2.5 billion across 243 investments as of February 2026, 8.7% annualized net return since inception (A-A EUR), monthly subscriptions and gated monthly redemptions from €25,000.
BNP Diversified Private Credit Fund
The BNP Paribas Alternative Strategies – Diversified Private Credit Fund is an evergreen private credit fund structured under the ELTIF 2.0 regulatory framework. It offers investors diversified exposure to European private debt markets, including corporate debt, infrastructure debt, and real estate debt. The fund aims to provide attractive returns with quarterly liquidity options and integrates ESG factors into its investment process. Managed by BNP Paribas Asset Management's Private Assets division, the fund leverages the firm's extensive origination network and expertise in private credit markets. The fund has a controlled leverage policy, allowing borrowing up to 50% of NAV. This leverage is intended to optimize investment efficiency rather than speculative gain. The borrowing may be secured against the fund’s assets and used for various liquidity management purposes​. Minimum ticket is 30k for retail investors, €1m for the institutional share class.
Explore further
More funds like this
This is an unverified fund profile written by FundScouter and may contain inaccuracies.
Are you affiliated with this fund? Claim this fund to verify and manage your fund profile.