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NatWest Trustee and Depositary Services partners with Ardian on USD19bn secondaries market vehicle

NatWest Trustee and Depositary Services Limited is providing depositary services both in the UK and in Luxembourg for Ardian’s eighth-generation secondaries platform ASF VIII, which recently closed on USD19 billion as the world’s largest secondaries market vehicle.Headquartered in Paris, Ardian is a world-leading private investment house with assets of USD96 billion managed or advised in Europe, the Americas and Asia. The firm’s Fund of Funds platform, which covers both primary and secondary fund of funds, now has USD53 billion in assets under management (AUM), with an exposure to more than 10,000 portfolio companies through 1,600 underlying funds. 

As partners to Ardian, NatWest Trustee and Depositary Services currently acts as Trustee for over USD10 billion Net Asset Value across its secondaries fund of funds portfolio and private equity and infrastructure funds. With 275 investors across a range of sectors in nearly 40 countries committed to ASF VIII, this Fund will offer necessary liquidity to investors as they look to re-balance private equity portfolios and seek yield opportunities for savers against the backdrop of a global pandemic and economic crisis. 

Luke Speakman, Assistant Director, NatWest Trustee and Depositary Services Alternatives London, says; “Ardian continue to set the benchmark in the secondaries market. This recent record breaking fundraise is testament to the hard work and knowledge that Ardian bring to the alternatives market. We are delighted to continue acting as Trustee for the Ardian fund range and providing our knowledge and experience on behalf of the fund’s many investors.”

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