Ardian Raises €3.2B for Sixth-generation Expansion Fund

Ardian said January 21 that it closed the sixth iteration of its expansion fund, securing total capital commitments of €3.2B (~$3.31B) from a mix of new and returning investors.

Ardian Expansion Fund VI's investor base is global, generating support from LPs in the Middle East and North Africa region, the Americas, Asia, the UK, the Nordics and the Netherlands. The French private equity investment company said roughly 80 of the 200 LPs of the latest fund also invested in its predecessor, the €2B (~$2.07B) Ardian Expansion Fund V, with commitments growing 13% on average.

Fund VI, which is already 33% deployed following eight completed transactions, is targeting high-growth private mid-sized businesses. For every transaction, it allocates €50M (~$51.8M) to €300M (~$310.7M).

The latest fundraising follows Ardian's recent record $30B fundraise for its ninth secondaries platform and the closure of its private equity continuation fund for portfolio company Syclef, both of which have been previously reported by Dakota.

Written By: Dakota

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Ardian Raises €3.2B for Sixth-generation Expansion Fund

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