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).
The fund, which is Ardian's first direct investment vehicle in the region, is targeting $500m of commitments by mid-to-late 2017. It is understood commitments mostly come from the US, Canada, and Europe-based...
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