French asset manager Eurazeo has closed its biggest direct lending fund yet at €3.9 billion (about $4.5 billion), beating its target by almost a third—making it one of a handful of European credit managers raising capital in a tough market. Eurazeo Private Debt VII, which focuses on lending to lower mid-market companies across Europe, attracted total commitments of €5.5 billion, including separately managed accounts and private wealth capital. International investors account for more than 60% of