The New Jersey Division of Investment (DOI) is considering a $300m (€251m) allocation to Ardian’s latest infrastructure secondaries fund, according to a report by IPE Real Assets citing recent board documents.
The proposed investment would be split evenly, with $150m directed to Ardian Secondary IX Infrastructure B and $150m earmarked for a co-investment sidecar vehicle. Ardian is targeting a total fundraise of $7.5bn for the strategy.
Limited partners are expected to receive a net IRR of 12–14%, with the fund focusing on acquiring private infrastructure stakes from other LPs, as well as selectively co-investing in manager-led deals.
The strategy will target sectors including transport, energy, renewables, and digital infrastructure, reflecting growing institutional interest in diversified infrastructure exposure.
