Goldman Sachs
May 13, 2026
AuM First Take: Solid Fundraising Momentum
Single Stock ReportPrivate MarketsRates CreditFinancials
Eurazeo delivered solid 1Q26 results with €1.1bn in fundraising and reaffirmed its asset rotation targets for the year. Goldman Sachs maintains a Buy rating with a 12-month price target of €72.
Key Takeaways
- 1.Strong fundraising momentum in 1Q26, driven primarily by Private Debt and wealth products, totaling €1.1bn.
- 2.Management reaffirmed the target to return to historical asset rotation levels of c.20% of portfolio value for 2026.
- 3.Third-party realizations increased 2.5x YoY, with recent Private Equity exits achieved at 150% above previous valuations.
Table of Contents
- Key highlights
- Deployment and Realisations
- FMC
- Performance
- Valuation and Key Risks
- Disclosure Appendix
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
- Global product; distributing entities
- General disclosures
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Authors
Oliver Carruthers, CFAAnshika MehrotraNaimeh SabourianTom Ferguson
Securities
EURA.PA
Themes
Shift to Balance-Sheet Light ModelAsset Management Secular Growth
Regions
EuropeFrance
