Published in November 2007 by PEI Media Ltd Second Floor ...
Published in November 2007 by PEI Media Ltd Second Floor ...
Published in November 2007 by PEI Media Ltd Second Floor ...
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Investment Firm.<br />
CONTACTS<br />
Ms. Vivianne Akriche<br />
Investment Manager<br />
vakriche@eurazeo.com<br />
Paris, France<br />
Mr. Laurent Guer<strong>in</strong>eau<br />
F<strong>in</strong>ancial Controller of Investment Funds<br />
lguer<strong>in</strong>aeu@eurazeo.com<br />
Paris, France<br />
Mr. Olivier Raulic<br />
Investment Manager<br />
oraulic@eurazeo.com<br />
Paris, France<br />
Mr. Philippe Audou<strong>in</strong><br />
Chief F<strong>in</strong>ancial Officer<br />
paudou<strong>in</strong>@eurazeo.com<br />
Paris, France<br />
Mr. Luis Mar<strong>in</strong>i-Portugal<br />
Investment Manager<br />
lportugal@eurazeo.com<br />
Paris, France<br />
Mr. Philippe Renauld<br />
Investment Manager<br />
prenauld@eurazeo.com<br />
Paris, France<br />
Mr. Fabrice de Gaudemar<br />
Investment Manager<br />
fgaudemar@eurazeo.com<br />
Paris, France<br />
Mr. Yannick Marion<br />
Investment Manager<br />
ymarion@eurazeo.com<br />
Paris, France<br />
Mr. Eric Schaefer<br />
Investment Manager<br />
eschafer@eurazeo.com<br />
Paris, France<br />
BACKGROUND<br />
Eurazeo is a diversified, listed French <strong>in</strong>vestment firm orientated towards direct <strong>in</strong>vestment activities <strong>in</strong> listed and unlisted companies (<strong>in</strong>clud<strong>in</strong>g real<br />
estate hold<strong>in</strong>gs) <strong>in</strong> France and Europe. The group has total assets of €6 billion, with <strong>in</strong>vestments <strong>in</strong> unlisted companies (<strong>in</strong>clud<strong>in</strong>g its real estate assets)<br />
now account<strong>in</strong>g for close to half of its total portfolio.<br />
Its real estate activity comprises two essential strands: 1) A portfolio of direct real estate hold<strong>in</strong>gs consist<strong>in</strong>g of retail, residential and office space <strong>in</strong><br />
Lyon and Marseille (the two largest regional cities <strong>in</strong> France); and 2) The Colyzeo Fund, a jo<strong>in</strong>t venture with Colony Capital established at the end of<br />
2002 that <strong>in</strong>vests ma<strong>in</strong>ly <strong>in</strong> European offices and hotels.<br />
Alongside this activity, Eurazeo also manages a fund of funds portfolio ma<strong>in</strong>ly <strong>in</strong>vest<strong>in</strong>g <strong>in</strong> third party buyout and venture funds as well as private real<br />
estate funds to a lesser extent. However because many of these funds are currently divest<strong>in</strong>g, the portfolio has been self-f<strong>in</strong>anc<strong>in</strong>g s<strong>in</strong>ce 2002. As a<br />
result of this the group's exposure to these funds is therefore decl<strong>in</strong><strong>in</strong>g. To date, the group has committed around €62 million to private equity real<br />
estate funds, <strong>in</strong>clud<strong>in</strong>g vehicles managed <strong>by</strong> Lazard Freres.<br />
REAL ESTATE ALLOCATION BREAKDOWN<br />
Provides a breakdown of the <strong>in</strong>stitution's allocation to real estate, <strong>in</strong> terms of direct, public and private real estate <strong>in</strong>vestments.<br />
Direct Real Estate<br />
Public Real Estate<br />
Private Real Estate Funds<br />
Invests? %<br />
•<br />
•<br />
PRIVATE REAL ESTATE INVESTMENT ALLOCATION BREAKDOWN<br />
Provides a breakdown of the <strong>in</strong>stitution's allocation to private real estate, <strong>in</strong> terms of fund type, sectors, geography and <strong>in</strong>vestment opportunities.<br />
Bite Size<br />
Current Number of GPs Invested with<br />
Approx. Capital Committed to Date<br />
EUR 62 million<br />
Approx. Number of Funds Committed to<br />
FUND TYPE<br />
Core<br />
Core Plus<br />
Value Added<br />
Opportunity<br />
Mezzan<strong>in</strong>e / Debt<br />
Turnaround / Distressed<br />
Infrastructure<br />
Fund of Funds<br />
<strong>Second</strong>ary Fund Interests<br />
Other<br />
Invests? %<br />
•<br />
SECTORS<br />
Leisure<br />
Retail<br />
Industrial<br />
Office<br />
Residential<br />
Hotels<br />
Warehouse/Logistics<br />
Diversified or no Sector Preference<br />
Other<br />
GEOGRAPHY<br />
Global Funds<br />
Regional Funds<br />
North America<br />
Western Europe<br />
Central & Eastern Europe<br />
Middle East / Africa<br />
Asia Pacific<br />
Lat<strong>in</strong> America<br />
Country-Specific Funds<br />
•<br />
•<br />
<br />
<br />
<br />
INVESTMENT OPPORTUNITIES<br />
<strong>Second</strong>ary Directs<br />
Debut / First Time Funds<br />
Co-<strong>in</strong>vestments<br />
•<br />
© <strong>2007</strong> <strong>PEI</strong> <strong>Media</strong> <strong>Ltd</strong>. The Global Directory of Investors <strong>in</strong> Private Real Estate Funds – <strong>Second</strong> Edition<br />
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