The business, which has $36bn under management, will be 46 per cent owned by its management and employees.
Axa now holds a 23 per cent stake in the firm and has agreed to commit €4.8bn to its funds over the next five years.
The remaining shareholders including European institutions and French family offices will collectively hold a 31 per cent interest in Ardian, the firm said in a statement.
Ardian CEO Dominique Senequier said, “Today is an exciting new chapter for our company. We spent a long time building a company inside AXA and, from the start, we carved out a separate identity for investment excellence.
“From today, we are fully independent. We will direct our entrepreneurial spirit, which remains at our heart, towards exploring new ways of fostering growth, while continuing to invest in a way that blends our discipline and conviction with our long-term philosophy.
“This strong culture gives us courage and confidence in our future as Ardian, where our investment skills will serve our clients well and fuel important and necessary growth around the world.”
She added, “The name Ardian conveys a sense of strength, durability and boldness. That suits us well. It symbolizes a sense of shared purpose in the pursuit of excellence with which we engage our clients, investors, partners and portfolio companies.”
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