Eurazeo Infrastructure Partners

Philippe Delizy serves as Managing Director and Head of Infrastructure, leading the investment team. Florent de la Taille also holds a Managing Director role. Both are seasoned infrastructure investors with backgrounds in private equity and project finance. The team reports into Eurazeo's executive committee.

The team sources deals through the Eurazeo group's extensive network of corporate relationships, sponsor-led transactions, and direct relationships with infrastructure operators. The firm's permanent capital base allows it to pursue bilateral transactions and avoid competitive auctions, though it also participates in syndicated deals with other infrastructure funds.

Eurazeo's infrastructure strategy operates within the publicly listed Eurazeo SE parent, providing permanent capital rather than a closed-end fund structure. The infrastructure team manages a dedicated portfolio of assets but does not report a separate AUM. This structure allows for long-duration holdings and avoids forced selling at market troughs.

The team focuses on mid-market infrastructure assets, typically making equity investments between €50 million and €200 million per transaction. It seeks majority or influential minority positions in operational infrastructure assets, as well as greenfield development projects. Stage coverage includes both build-out and mature assets.

The team does not avoid specific sectors but tends to prioritize regulated, contracted, or essential infrastructure with stable cash flows. Areas traditionally avoided include energy commodity production (upstream oil and gas), single-asset infrastructure without clear growth pathways, and highly construction-stage greenfield projects in unregulated markets.

Eurazeo Infrastructure Partners operates as a distinct investment team within Eurazeo SE, the publicly traded French investment company. The group is divided into multiple divisions: private equity, growth equity, real estate, and infrastructure. While infrastructure benefits from the parent's balance sheet, it maintains independent investment governance and specialized sector expertise.

The team primarily does direct investments, taking principal positions in infrastructure assets. It also participates in co-investments alongside other institutional investors, but does not commit to third-party infrastructure funds. The permanent capital model means Eurazeo Infrastructure Partners has no external investors and does not raise funds from LPs.