The $96 billion global private equity firm Ardian announced that it has closed a record $19 billion in secondary private equity investments.
The secondaries pool includes $5 billion for co-investments, and significantly exceeds Ardian’s preceding secondaries fund, ASF VII which came in at $14 billion in 2016.
“In the current environment, the secondaries market has a crucial role to play in providing institutional investors with liquidity,” said Vincent Gombault, member of the executive committee and head of Ardian Fund of Funds. “It is a vital tool for pension funds and investors in how . . .
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