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Alternative Market Briefing

Ardian closes fifth Expansion Fund on $2.4bn

Thursday, September 17, 2020

Laxman Pai, Opalesque Asia:

Paris-based private equity firm Ardian Holding announced the final close of its fifth private equity expansion fund, Ardian Expansion Fund V, with 2 billion euros ($2.4 billion) in total capital commitments.

The Ardian Expansion Fund V is aimed at helping European high-growth, mid-sized companies, and Ardian said investors from Asia and the Middle East had contributed to its latest fundraising, said a press release from the private investment house with assets of US$100bn managed.

"Despite a backdrop marked by the Covid-19 outbreak, Ardian has doubled the size of its previous fund in six months, highlighting investors' continued interest in European high-growth mid-sized companies," it said.

Investors from the previous generations of the fund represent 50% of Fund V, highlighting their long-term trust in the team, while more than a third of the fund's investors are new to Ardian, also showing the attractiveness of the product. The fund expanded its geographic reach by attracting new investors, notably from Asia and the Middle East.

The fund is also broadening its investor profile, welcoming for the first time sovereign wealth funds, alongside insurance companies, high-net-worth individuals, and pension funds, the release added.

Several managers of Ardian Expansion's portfolio companies also made commitments, which amount to nearly 5% of the size of the fund, illustrating the quality of the relationships built over......................

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