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Laxman Pai, Opalesque Asia: The French alternative asset manager Ardian has raised $30bn for its ninth secondaries fund. It's the largest secondaries fund ever raised, and more than half the total value of secondaries funds raised globally last year.
According to a media release from the global private investment house, the fund Ardian Secondaries Fund IX (ASF IX) is its ninth such fundraising since 1999 and is 57.9 percent more than the US$19 billion it last raised in 2020.
"The successful fundraise, which was oversubscribed and closed at its hard cap, highlights the continued and growing appetite for secondaries investments among LPs, as market volatility and the need for liquidity drove deal volumes to record highs in 2024," said the release from the aris-headquartered investment manager.
Ardian, which has $176bn in assets under management or advice, said that the fundraise attracted a wide range of global investors, with more than 465 investors in total from 44 countries across Europe, the Americas, the Middle East, and Asia. The diversified LP base includes major pension funds, insurance companies, sovereign wealth funds, financial institutions, and high-net worth individuals.
There was probustgrowth among private wealth clients, which account for 22% of the total equity raised, compared to 11% in the eighth-generation platform.
This latest platform is aligned with Ardian's existing secondaries strategy of acquiring stakes in best-in-...................... To view our full article Click here
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