Ardian, a Paris, France-based private investment firm, raised $2.5 billion for its latest co-investment fund, Ardian Co-Investment Fund V.
Ardian Co-Investment Fund V attracted more than 190 investors across Europe, the US and Asia. In line with its established investment strategy, Ardian Co-Investment will target minority investments alongside top-tier GPs diversified by company size, sector and geography.
Through Ardian Fund of Funds, the fund has access to more than 600 GPs around the world. Investors comprise major pension funds, insurance companies, HNWIs, endowments and foundations, and financial institutions, with particular growth among pension funds and HNWIs.
Around half of the investors in the fund were new to Ardian, while a significant portion was also completely new to co-investment funds.
The fund is already around 30% invested through 20 transactions. These include co-investments in Alvest, a manufacturer in the aviation industry, alongside CDPQ and Zayo, a provider of fiber infrastructure, alongside EQT Partners.