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April 18, 2024

Private investment bank Lazard set to partner with French VC Elaia to launch a European growth fund

Lazard’s clients will invest in the fund, which could reach up to €1bn

French early-stage VC Elaia and asset manager Lazard — one of the world’s largest private investment banks that manages $247bn worth of assets — are joining forces to raise a growth fund that will back European deeptech startups and scaleups.

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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