Global private equity and venture capital news and research

Ardian secures €2.8bn for new fund

3 Oct 2013

euros4_lrgPrivate equity firm Ardian, which was spun out from French insurance group AXA earlier this week, has raised a €2.4bn fund.

In addition, the firm has secured co-investment commitments of €400m.

Ardian has already deployed 24 per cent of the new fund across six deals.

The firm said that interest from international investors based in the US, Asia and the Middle East is increasing, according to Reuters.

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 currently has €38bn in advised and managed assets and investments in more than 800 funds and 165 businesses.

Copyright © 2013 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016