Eurazeo has closed its seventh direct lending fund at €3.9 billion, 30% above its initial €3 billion target. Total commitments across the programme reached €5.5 billion, including €1 billion from private wealth capital, as well as interest from separately managed accounts. The fund is already 65% deployed across more than 70 companies, and with its latest raise, the Paris-based manager is looking to cement its position as a strong force in European lower-mid-market lending.