Private investment house Ardian has raised $30bn for its ninth-generation secondaries platform, a significant increase over the $19bn raised for the eighth-generation in 2020, and the largest secondaries fundraise globally to date.
According to a recent release, this brings Ardian’s Secondaries & Primaries assets under management to $97bn.
The fundraise attracted a range of global investors, with more than 465 investors in total from 44 countries across Europe, the Americas, the Middle East, and Asia. The LP base includes major pension funds, insurance companies, sovereign wealth funds, financial institutions, and high-net worth individuals.
There was particularly strong growth among private wealth clients, which accounted for 22% of the total equity raised, compared to 11% in the eighth-generation platform.
The 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.
This latest platform is aligned with Ardian’s existing secondaries strategy of acquiring stakes in best-in-class private equity assets, providing liquidity solutions to the largest, most sophisticated institutional investors and general partners in the market.
Ardian’s Secondaries & Primaries team has more than 100 investment professionals across 14 offices and a leadership team that has worked together for nearly two decades.They have
covered 1,600 funds from over 650 general partners, and offered access to 5.4 million real time data points on more than 10,000 underlying companies.
