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Laxman Pai, Opalesque Asia:

Global investment giant Ardian has raised €5bn ($5.1bn) for its fifth-generation private credit fund, €2bn more than its predecessor fund, which closed on €3bn in 2020.

According to a media release from the private investment house, the credit platform will seek to provide alternative, flexible financing to mid-market businesses across Europe.

The €5bn platform is well more than the initial €4bn target size and represents a 70% increase from the previous generation, which raised €3bn in 2020, said the firm managing or advising $140bn of assets on behalf of more than 1,300 clients globally.

"This reflects the rapid growth of Ardian Private Credit and strong investor appetite for exposure to high-quality private credit investment opportunities. It also demonstrates increased opportunities across Europe for private credit providers, as mid-market businesses seek alternative financing amid continued bank retrenchment," it said.

Continuing its successful, disciplined investment strategy, the platform will invest in high-quality, mid-market companies with particularly visible demand drivers and business models that are resilient through the cycle.

As with previous generations, it will seek a high degree of control in its deals. With a strong track record of investing through multiple market cycles since 2005, Ardian Private Credit is well-placed to take advantage of changing market dynamics to drive......................

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