Ardian raises €2bn for third private debt vehicle

The investor's third private debt fund has surpassed the €1.5bn raised by its 2008-vintage predecessor.

Ardian has bolstered its private debt team over the past year, hiring six new people to its London- and Paris-based teams. 

Investors
The vehicle raised commitments from a variety of institutional investors including pension funds and insurance companies, around half of which were new LPs.

Investments
The fund – which is already 40% committed through nine investments – will write cheques of €40-300m. It focuses on unitranche and subordinated debt financing.

Most recently, the vehicle provided unitranche facilities for Cathay Capital's secondary buyout of pharmaceutical business Cenexi and Charlesbank Capital Partners' acquisition of data services company Six Degrees Group.

People
Vincent Gombault is a member of the executive committee at Ardian and head of funds-of-funds and private debt. Olivier Berment is head of private debt and managing director at the firm.

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

• Topics
• Funds
• UK / Ireland
• France
• Ardian (formerly Axa PE)
• United Kingdom
• France