Ardian is set to leverage iCapital’s technology platform and structuring solutions to provide wealth managers and their clients access to Ardian’s suite of alternative investment strategies including private equity, real assets and private credit.
The Paris-based firm has grown to $8.3 billion in private wealth assets under management and over 600 investors. Three years ago, Ardian added a private wealth solutions unit and since then has been focused on developing ways to give private clients and wealth managers improved access to private markets.
“In 2020, we launched our Private Wealth Solutions initiative based on our conviction that alternative investment opportunities should be accessible to wealth managers and their private clients around the world,” said Erwan Paugam, head of private wealth solutions and managing director at Ardian, in a statement. He joined Ardian in May of 2020 from his role serving private clients at JP Morgan in Paris.
Ardian has $141 billion in overall alternative assets under management and more than 1,300 clients globally. Officials have been seeing growing interest on the part of investors of prioritizing ESG. Over the last decade the firm has been focused through its annual secondaries portfolio on ESG monitoring. The aim is to amplify its impact by assessing GP’s practices and actively engaging with them to improve ESG integration in private investments.
For iCapital, the deal with Ardian builds on a number of new deals as of late including partnerships with Ares Wealth Management Solutions, Morgan Stanley Investment Management, AXA IM Alts, Mediobanca and Tikehau. The investment platform now has $138 billion in global client assets, of which more than $33 billion are from international investors (non-U.S. domestic) across more than 1,100 funds.