| Ardian, the fund of funds and secondary firm that spun out of French insurance giant AXA in 2013, deployed more than $10.8 billion in 2014 on secondary deals, potentially representing up to one-third of total secondary deal volume.
Ardian’s other deals in 2014 included the purchase of 40 LP stakes from a sovereign wealth fund, with a total value of $2.38 billion, that closed in September. The sovereign fund is likely the Abu Dhabi Investment Authority (ADIA), according to sources and a posting in The Gazette, a public records publication in Britain. The notice in The Gazette revealed at least one of the funds in the transaction – ADIA sold its interest in Carlyle Europe Partners III to Ardian. The ADIA sale was run by Cogent Partners...............................................Full Article: Source
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