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Eurazeo Private Value Europe 3
Key Statistics
Fund Size
€3,000M
Target Return
6.4%
Annualized Return
6.1%
Launch Year
2018
Min. Investment
€100,000
Availability
Open through selected distributors
Structure
FCPR (French AMF-approved fund), 99-year life
Product Category
Open-end
Domicile
France
GP Type
Single
Liquidity Level
Semi-liquid
Management Fee
1.88%
Carry
N/A
High Water Mark
No
ISIN
FR0013301546
Currencies
EUR
Investor Eligibility
Retail
Liquidity Options
Quarterly redemptions
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
3 out of 7
Annual Returns (KID Scenarios)
Stressed
N/A
Moderate
N/A
Favorable
6.4%
Allocations
Geographic Focus
Investment Strategy
Portfolio Composition
Information about fund
A Hybrid Debt-and-Equity Fund for European Mid-Caps
Eurazeo Private Value Europe 3 is a French FCPR (fonds commun de placement à risques) approved by the AMF in March 2018 and launched that July, managed by Eurazeo Global Investor. It is a hybrid fund: around 60% private debt and 40% private equity, the equity component coming through secondaries and co-investments rather than blind-pool fund commitments. The targets are established, profitable European mid-sized companies with enterprise values of €50 million to €500 million, and the fund keeps a liquidity pocket of about 10% to service redemptions. Since April 2024 it has also been distributed across Europe through private banks and advisers on Moonfare’s technology platform.
Key Figures (30 June 2025)
Raised Since Launch
€3B+
Launched July 2018
Portfolio Companies
200+
European mid-market
Target Net Return
6–8%
Per year, 5-year minimum horizon
Allocation
60 / 40
Private debt / private equity
Liquidity
Quarterly
5% of NAV cap, 2 months’ notice
Risk Indicator
3 / 7
SFDR Article 8
Scale and Objective
It is one of the larger retail private-markets funds in Europe, with over €3 billion raised since launch and more than 200 companies in the portfolio as of 30 June 2025. Recent deals cited by Eurazeo include a €50 million secondary investment in refrigeration-services group Syclef (December 2024) and a €10 million private-debt financing for a video-game company. The stated objective is a net return of 6% to 8% a year over a minimum five-year holding period, with a risk indicator of 3 out of 7 and an SFDR Article 8 classification. Eurazeo does not publish a public track record for the fund; performance information is available to investors through distributors.
Terms, Fees and Minimums
French FCPR Terms (Eurazeo brochure)
| Legal form | FCPR approved by the AMF (FCR20180002, 13 March 2018); 99-year life; manager Eurazeo Global Investor; depositary Société Générale |
| Subscriptions / valuation | Weekly, at unknown NAV; subscription period 2 years, renewable |
| Redemptions | Quarterly, 2 months’ notice, capped at 5% of net assets per quarter; no lock-up on the FCPR itself |
| Recurring fees | 1.88% p.a. (A and C units), 0.97% (D units); maximum total annual cost 3.10% incl. indirect fund costs |
| Entry / exit fees | 0–4% entry depending on channel; no exit fee |
| Minimums | A units €5,000 (French life insurance); C units €100,000; D units €250,000 |
| Distribution | Accumulating; recommended horizon 8 years |
For a fund of this nature the French terms are reasonable. Subscriptions and valuations are weekly; redemptions are quarterly with two months’ notice and capped at 5% of net assets per quarter. There is no formal lock-up on the FCPR itself, although the recommended holding period is eight years and European distributors may apply lock-ups of their own. Recurring management and operating fees are 1.88% a year for the A and C units and 0.97% for the D units, and with indirect fund costs the maximum total annual cost is 3.10%. Entry fees range from 0% to 4% depending on the channel; there are no exit fees. Minimums are €5,000 for A units inside French life-insurance contracts, €100,000 for C units and €250,000 for D units.
Deepdive & Related Funds
Other Eurazeo Funds
Eurazeo Prime Income Credit (EPIC)
Eurazeo Prime Income Credit (EPIC) is an evergreen ELTIF 2.0 fund managed as a sub-fund of the Luxembourg SICAV Eurazeo Prime (a Part II SICAV). EPIC is a senior secured direct lending fund that focuses on unlisted European mid-market companies. It distributes an income on a quarterly basis and offers a semi-liquid profile as shares can be redeemed on a quarterly basis up to a maximum of 5% of net assets of the fund, over a period of 18 months from admission of the first investors. The minimum subscription is EUR 10,000.
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.
Comparable Funds
Altaroc Odyssey 2024
Altaroc Odyssey 2024 is the fourth Altaroc vintage: a French FPCI (with ELTIF classes for Europe) that closed on 31 March 2025 with €355 million, committing 80% to top-tier buyout and growth funds from Vitruvian, Thoma Bravo, Summit Partners and Bridgepoint and 20% to co-investments (first: Qlik). Target 13% IRR / 1.7x before tax over 10 years, €100,000 minimum, 2.5%→1.65% management fee, 20% carry on co-investments only, risk 5/7.
Andera Dette Privée
Andera Dette Privée is an evergreen French FCPR managed by Andera Partners as an ELTIF 2.0 structure. It is distributed as unit-linked products within MACSF insurance products. The fund is invested in sponsorless mezzanine debt of French and neighboring countries’ SMEs and mid-cap companies by following the investment strategy of the Andera Acto fund.
AXA Financement Entreprises
AXA Financement Entreprises is a French FPS approved by the AMF as an ELTIF 2.0 on 9 August 2024, managed by AXA IM Alts (now BNP Paribas AM Europe). The open-ended, 99-year fund targets 70% private debt to unlisted European and OECD companies and 30% liquid assets, with twice-monthly dealing, redemptions capped at 20% of liquid assets per month, a 7-year holding period and a EUR 75,000 direct minimum or access via AXA France unit-linked contracts. France only.
Altix Alt.1
Altix Alt.1 is the first fund-of-funds from Amsterdam-based Altix: a Dutch cooperative that closed in March 2024 with €60 million from 150+ private investors (20% above target) and commits to five institutional mid-market private equity funds — Rivean Capital, Gilde Healthcare, Quadrum Capital, Inflexion and Axcel Partners. Target 2.0–2.5x over a 12-year term, 1% management fee, no Altix carry, €100,000 minimum. Closed to new investors.
Altix Alt.2
Alt.2 is an investment fund that provides access to a diversified portfolio of 4 to 8 European Private Equity funds, targeting mid-market companies. The fund emphasizes the mid-market segment, which offers opportunities alongside higher performance variability. Investors gain exposure to over 100 companies through selected funds with a streamlined structure. The portfolio includes funds such as Inflexion, H2 Equity Partners, Egeria, Pollen Street, IceLake, and Forbion.
Altix Alt.3
Alt.3 is an investment fund that provides access to a diversified portfolio of 8-10 European Private Equity funds, targeting mid-market companies. The fund emphasizes the mid-market segment, which offers opportunities alongside higher performance variability. Investors gain exposure to over 100 companies through selected funds with a streamlined structure. The portfolio of predecessor Alt.2 includes funds such as Inflexion, H2 Equity Partners, Egeria, Pollen Street, IceLake, and Forbion.
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