Oliver Carruthers
Analyst, Goldman Sachs
Replay available
Eurazeo Paris Ord (OTC: EUZOF) Q3 2025 earnings conference call, held 2025-11-06. Replay captured from the company's public earnings webcast.

Analyst, Goldman Sachs
Analyst, CIC Market Solutions
Co-CEO, Eurazeo
Watch the replay and follow the connected company analysis, news, and investor updates for Eurazeo Se.
WEBVTT 00:00:01.128 -- 00:00:05.532 Welcome to the Eurazeo 9 Months 2025 Trading Update presentation. 00:00:05.532 -- 00:00:10.858 Today's conference will be hosted by William Kadush Shahsong, co-CEO. 00:00:10.858 -- 00:00:14.882 For the first part of the conference, the participants will be on listen-only mode. 00:00:14.882 -- 00:00:19.606 During the questions and answers session, you may ask in two ways, by submitting a written 00:00:19.606 -- 00:00:24.371 question in the box below the player, or by joining the conference call and dial pound 00:00:24.371 -- 00:00:28.015 key 5 on your telephone keypad to enter the queue. 00:00:28.015 -- 00:00:30.277 Now I will hand the conference over to the speaker. 00:00:30.277 -- 00:00:32.532 Please go ahead. 00:00:32.532 -- 00:00:34.094 Thank you very much. Good morning. 00:00:34.094 -- 00:00:39.100 Thank you all for joining this call. I'm pleased to welcome you to our trading 00:00:39.100 -- 00:00:43.023 update for the first nine months of 2025. 00:00:43.085 -- 00:00:48.392 To remind everyone, for the trading update, we don't update the 00:00:48.392 -- 00:00:52.056 NAV. That will be done at the end of the year. 00:00:52.056 -- 00:00:56.622 But I'm, of course, ready for questions you may have on the topic. 00:00:56.622 -- 00:00:58.317 In a nutshell, 00:00:58.317 -- 00:01:02.002 Euraseo continues to gain market share in asset management. 00:01:02.002 -- 00:01:08.192 We had another quarter of dynamic fundraising and AUM growth outperforming the market. 00:01:08.192 -- 00:01:14.240 Second, we continue to outperform the market in realizations and distributions, 00:01:14.240 -- 00:01:20.209 which is, as you know, a key differentiating factor in the current market environment. 00:01:20.209 -- 00:01:25.355 And third, The quality of our...