Private investment house Ardian has raised €530m for Ardian Growth Fund III, exceeding its €500m target size and raising more than double than the firm’s previous fund, which closed in 2018 at €230m.
Ardian Growth Fund III secured commitments from investors across 12 countries, including from banks and insurance companies, entrepreneurs, pension funds and government agencies. Ardian’s growth team, which now has €1bn of AUM and has supported more than 120 businesses since 1998, will continue to target profitable, fast-growing companies across continental Europe, according to a press statement. The fund strategy targets digital at large (software, web and tech-enabled businesses), B2B services and health & wellness companies.
The fund is already close to 25% deployed following three transactions: dialysis solutions provider Théradial, snack producer and distributor My Pie and pharmacy banner company Aprium Pharmacie.
