Ardian raises $14bn secondaries vehicle

The vehicle has closed after two years of fundraising. Ardian stated it has now raised $27.4bn for secondary investment in less than five years.

The GP's last secondaries vehicle, Axa Secondary Fund VI, was launched with a target size of $4bn and held its final close sometime in 2014 at $6bn.

Investors
The funds were raised from institutional investors such as pension funds and insurance companies, as well as family offices. The LPs are from North America, Europe, the Middle East, Asia and South America. In total, the number of investors in ASF VII amounts to 180 from 26 different countries.

North America and Europe counted for a combined 75% of commitments – 40% and 35%, respectively. The Middle East accounted for 10%, Asian investors contributed around 8% and South America 7%. Of the 180 investors, 76 are new to Ardian.

Investments
Around 25% of the fund has already been invested, through six transactions. 

People
Ardian – Vincent Gombault (head of funds-of-funds); Benoît Verbrugghe (head of Ardian US); Olivier Decannière (head of Ardian UK).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Fund-of-funds
• Buyout
• France
• France
• Ardian (formerly Axa PE)