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Eurazeo

PRI reporting framework 2020

Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Indirect – Manager Selection, Appointment and Monitoring

Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]

Direct - Fixed Income

ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 06] (C) Implementation: Integration [FI 10 - 12] Fixed income - Engagement [FI 14 - 16] Outputs and outcomes [FI 17 - 18]

Direct – Private Equity

Overview [PE 01 - 02] Fundraising of private equity funds [PE 03 - 04] Pre-investment (selection) [PE 05 - 08] Post-investment (monitoring) [PE 09 - 13] Outputs and outcomes [PE 14 - 15] Communication [PE 16]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer	% of asset under management (AUM) in ranges
Fund management	0% <10% 10-50% >50%
Fund of funds, manager of managers, sub-advised products	0% <10% 10-50% >50%
Other	0% <10% 10-50% >50%
Total 100%

Further options (may be selected in addition to the above)

Hedge funds

Fund of hedge funds

01.2. Additional information. [Optional]

Eurazeo is a leading global investment company. With its considerable private equity, venture capital, real estate, private debt and fund of funds expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 270 professionals and by oﬀering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Within the Group, Idinvest Partners represents 124 employees.

Its solid institutional and family shareholder base, robust financial structure, and ﬂexible investment horizon enable Eurazeo to support its companies over the long term.

In 2018, the company accelerated its investment momentum by acquiring interests in Idinvest Partners and Rhône. Eurazeo operates in virtually all private equity markets on three continents and has a large portfolio of companies of various sizes and sectors, with a mix of ownership stakes.

Further to this acquisition, the Group Eurazeo is now composed of eight investment divisions organised in four main activities:

1. Private Equity

Eurazeo Capital
Eurazeo PME
Eurazeo Brands
Eurazeo Growth
Idinvest Venture

2. Private Debt

Idinvest Private Debt & Asset finance

3. Private Funds Group

Idinvest Secondary Transactions & Mandates

4. Real Assets

Eurazeo Patrimoine

Following Idinvest acquisition, and reaching the end of the CSR 2014-20 strategy, the Group is working on a new common CSR strategy.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

France

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

270 FTE

02.4. Additional information. [Optional]

Eurazeo is a leading global investment company with offices in Paris, New York, Sao Paulo, Buenos Aires, Shanghai, London, Luxembourg, Frankfurt, Madrid, Berlin and Luxembourg.

Eurazeo's teams are composed of more than 270 employees, mostly operating in its French offices (Eurazeo's and Idinvest Partners' headquarters). Within the Group, Idinvest Partners represents 124 employees.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary (Up to six subsidiaries may be reported)	RI implementation reported here on a consolidated basis
Eurazeo PME	Yes No
Idinvest Partners	Yes No
	Yes No
	Yes No
	Yes No
	Yes No

03.3. Additional information. [Optional]

Given that Eurazeo PME and Idinvest Partners were separate legal entities before their acquisition by Eurazeo, the two subsidiaries were separate PRI signatories.

Eurazeo PME: investment firm and signatory of the PRI since 2009. The firm is Eurazeo's subsidiary dedicated to majority investments in French SMEs with a value of less than €250m. Eurazeo PME acts as a long-term shareholder, providing its portfolio companies with all the financial, organisational, and human resources they need for a sustained transformation. With an investment horizon generally ranging from 5 to 10 years, the group guides its portfolio companies in creating sustained and, hence, responsible growth. This commitment is formalised and deployed through a CSR (Corporate Social Responsibility) strategy. Until 2017, Eurazeo PME provided a separated PRI report for its RI activities. The firm's RI approach is now fully integrated within Eurazeo's report.
Idinvest Partners: subsidiary of Eurazeo group since 2018, has been a signatory of the PRI since 2011 and is a leading investment management company renowned for its ability to identify, select and accompany European SMEs through its different strategies (Private Debt, Venture and Growth Capital, and Secondary transactions and mandates). In addition to this report, a specific report was drafted for Idinvest Partners. For more information please refer to Idinvest Partners' PRI report.

It is to note that this report will provide a consolidated vision of the Eurazeo Group's investment activities.

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

Not applicable as we are in the fund-raising process

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

Not applicable as we do not have any assets under execution and/or advisory approach

04.5. Additional information. [Optional]

Following with the acquisition of Idinvest Partners, the Group manages a diversified portfolio of €18 billion of assets, out of which nearly €12 billion are managed for third parties.

OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

as percentage breakdown

as broad ranges

	Internally managed (%)	Externally managed (%)
Listed equity	0 0	0 0
Fixed income	10-50% 21	0 0
Private equity	>50% 59	10-50% 14
Property	<10% 6	0 0
Infrastructure	0 0	0 0
Commodities	0 0	0 0
Hedge funds	0 0	0 0
Fund of hedge funds	0 0	0 0
Forestry	0 0	0 0
Farmland	0 0	0 0
Inclusive finance	0 0	0 0
Cash	0 0	0 0
Money market instruments	0 0	0 0
Other (1), specify	0 0	0 0
Other (2), specify	0 0	0 0

06.2. Publish asset class mix as per attached image [Optional].

AUM EZ.png [83KB]

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

Yes

06.5. Indicate whether your organisation uses fiduciary managers.

Yes, we use a fiduciary manager and our response to OO 5.1 is reflective of their management of our assets.

No, we do not use fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

Its solid institutional and family shareholder base, robust financial structure, and ﬂexible investment horizon enable Eurazeo to support its companies over the long term.

1. Private Equity - Through its complementary business lines, Eurazeo operates in virtually all private equity markets and supports a large portfolio of companies of various sizes with a mix of ownership stages.

Eurazeo Capital - Based in Europe and the United States, Eurazeo Capital focuses on major market leaders (enterprise value of more than €200 million) by providing them with the financial, strategic and human resources to unlock their full growth potential: international expansion via business oﬀices and networks, organic or external growth, and operating performance optimization.
Eurazeo Brands - Launched in May 2017 in the U.S., Eurazeo Brands invests in international high-growth potential brands in a wide range of sectors, including beauty, apparel, home, well-being, food and leisure. Its goal is to partner with experienced founders and management teams to boost brand development by drawing on Eurazeo's operating expertise, brand building experience and its global network. This investment division has teams in New York and Paris covering both the U.S. and European markets.
Eurazeo PME - Eurazeo PME invests in French high-performing small and medium-sized enterprises (enterprise value of between €50 million and €250 million) and provides support to strengthen their business model and transform them into global mid-caps, by triggering three primary levers: international expansion, digital transformation and external growth transactions. With the support of Idinvest in Germany and Spain, Eurazeo PME will be able to expand its business scope.
Idinvest Venture - Specializing in innovation capital and the digital sector, Idinvest Venture has financed the launch and growth of most European startups (Sarenza, Dailymotion, Leetchi, Criteo, Peakon, Wefox, Ontruck, etc.), thereby becoming an undisputed French and Euro Tech player. Drawing on this expertise, it has developed valuable know-how in diﬀerent web-based businessmodels and created a top-notch ecosystem.
Eurazeo Growth - Drawing on their complementarities, the Idinvest and Eurazeo teams have combined their respective expertise (healthcare, smart cities & mobility, digital, Fintech, etc.) within a common entity, Eurazeo Growth. Its role is to finance and support the growth of companies that are disruptive with regards to technology or usage by providing the necessary means for their development (international expansion, sales and marketing investments, external growth). With a well-established investment portfolio (Vestiaire Collective, Farfetch, Doctolib, Meero,, etc.), Eurazeo Growth has delivered steady and robust performances in the past, with IRRs exceeding 20%. This success is attributable to its extensive investment capacity (by successive tranches of €10 million - €50 million), international positions as well as its highly developed professional network and digital ecosystem that boost the division's selectivity.

2. Private Debt - Targeting companies that require flexibility for their development, the Eurazeo Group, via Idinvest, oﬀers a comprehensive array of debt financing, providing businesses with the necessary flexibility for their development. This method of financing, which mainly focuses on the SME/Mid-cap market, is based on two levers, mezzanine/unitranche and senior debt. It mainly enables fast-growing companies to conduct acquisitions in France and Europe.

3. Secondary transactions and mandates - The Eurazeo Group builds, via Idinvest Partners, made-to-measure high-performing private equity asset portfolios, based on three complementary investment strategies: secondary transactions, primary funds, and direct co-investments. Idinvest Partners selects the best European market investment opportunities for around one hundred institutional investors.It invests in start-up (primary transactions) or developed (secondary transactions) private equity funds. It may also perform coinvestments, by investing directly in companies, most often alongside their management.

4. Real Assets - Mainly via Eurazeo Patrimoine, Eurazeo specializes in management and investment activities for high potential tangible assets, mostly real estate, that it radically transforms to generate attractive returns.

It is to note that Idinvest Partners', subsidiary of the Eurazeo Group, manages the Growth Capital, Venture Capital, Private Debt and Secondary transactions and mandates activities for the Group.

OO 07. Fixed income AUM breakdown (Private)

OO 08. Segregated mandates or pooled funds (Private)

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

99 Developed Markets

1 Emerging Markets

0 Frontier Markets

0 Other Markets

Total 100% 100%

09.2. Additional information. [Optional]

Eurazeo's mission is to identify, develop and enhance the potential for growth of European and North American companies.

Some of the Group's funds and/or portfolio companies could be exposed to emerging markets but it does not represent an allocation strategy.

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