Ardian Raises $3.2 Billion for Sixth-Generation Co-Investment Platform
July 01 2024 - 7:15AM
Business Wire
- The fundraise represents a 23% increase on the previous fund
generation.
- Ardian Co-Investment Fund VI attracted commitments from 188
investors across the North America, South America, Europe, the
Middle East and Asia.
Ardian, a world-leading private investment house, today
announces it has raised $3.2 billion for the sixth generation of
its global Co-Investment platform, Ardian Co-Investment Fund VI,
including Fund commitments and mandates from Ardian Customized
Solutions.
This represents a 23% increase on funds raised by Ardian’s fifth
generation Co-Investment Fund, Ardian Co-Investment Fund V, in
2019.
The new Fund attracted 188 investors globally, including from
Europe, the Americas, the Middle East, and Asia. Investors in the
Fund comprise pensions funds, HNWIs, insurance companies and
sovereign wealth funds, with Ardian’s Co-Investment strategy
continuing to see strong growth amongst HNWIs in this latest
generation.
Fund VI builds on the success of Ardian’s established
Co-Investment strategy, offering access to minority investments in
companies alongside top-tier private equity sponsors. These GPs
rely on Ardian’s scale, expertise, local presence, and the team's
dedication to partnering with them, as demonstrated by GPs offering
Ardian to co-underwrite most transactions. Fund VI investments are
diversified across strategies, industries, company size, GPs, and
geographies – including North America, Europe, and Asia. The team
will continue to leverage Ardian’s market-leading Secondaries and
Primaries platform, one of the largest in the world with deep roots
in North America, and access to a global network of 600+ GPs, to
drive its unique approach to deal sourcing.
The Fund is already around 40% invested through 18 transactions.
These include investments in Potter Global Technologies, a leading
manufacturer of fire and life safety equipment in the US, alongside
KKR, as well as Schwind, a leading provider of eye laser systems,
alongside Adagia Partners.
“This successful close for our sixth-generation platform is
testament to both Ardian’s strong track record in delivering
returns from co-investment and the attractiveness of the asset
class for delivering stable returns, particularly against a more
challenging macroeconomic backdrop. Investors are drawn to the
diversification and cost advantages of our strategy, offering
exposure to a well-balanced portfolio alongside some of the best
GPs in the world. As the co-investment market continues to grow, it
is not surprising that we have seen strong interest in this latest
Fund from both institutional investors and HNWIs looking to
capitalize on the diversification that co-investment provides,”
said Alexandre Motte, Co-Head of Co-investment & Senior
Managing Director, Ardian.
“As the private markets mature and deal sizes grow, GPs
increasingly turn to professional co-investors to provide equity in
their deals, no matter the geography. That certainly applies to
North America where, with the support of Ardian’s leading
Secondaries and Primaries platform, our co-investment strategy has
a proven track record of identifying top-quartile deals from US and
Canadian GPs. This exceptional deal pipeline allows us to select
high-quality assets and GPs, generating robust and stable returns
for our limited partners. A growing number of compelling deals have
come to market since our previous fund generation, and we expect
these opportunities to not only increase in Europe but also in
North America,” said Patrick Kocsi, Co-Head of Co-Investment and
Senior Managing Director, Ardian.
ABOUT ARDIAN
Ardian is a world-leading private investment house, managing or
advising $166bn of assets on behalf of more than 1,600 clients
globally. Our broad expertise, spanning Private Equity, Real Assets
and Credit, enables us to offer a wide range of investment
opportunities and respond flexibly to our clients’ differing needs.
Through Ardian Customized Solutions we create bespoke portfolios
that allow institutional clients to specify the precise mix of
assets they require and to gain access to funds managed by leading
third-party sponsors. Private Wealth Solutions offers dedicated
services and access solutions for private banks, family offices and
private institutional investors worldwide. Ardian’s main
shareholding group is its employees and we place great emphasis on
developing its people and fostering a collaborative culture based
on collective intelligence. Our 1,050+ employees, spread across 19
offices in Europe, the Americas, Asia and Middle East are strongly
committed to the principles of Responsible Investment and are
determined to make finance a force for good in society. Our goal is
to deliver excellent investment performance combined with high
ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that
last.
ardian.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240630389104/en/
MEDIA ARDIAN US The Neibart Group Maeve Maloney
Tel: +1 781 987 4287 ardian@neibartgroup.com