French mid-market buyout house Ardian has launched its North American direct investment vehicle, Ardian North America Fund II, established through a partnership with New York-based private equity house Seven Mile Capital Partners (SMCP).
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With the fresh capital, IM Square plans to acquire three to six additional asset managers
Historical investors, including the Region Paris Venture fund and Sibessor2/Investessor, also take part
Early-stage investors High-Tech Gründerfonds and Bayern Kapital are also taking part