Ardian has signed a sale and purchase agreement in July 2017 with UniCredit for the acquisition of a €300 million ($352 million) portfolio of limited partnership interests in European infrastructure private equity funds.
Closing of the transaction is expected in third quarter 2017 subject to the approval and rules of the fund manager.
The deal represents one of the largest secondary infrastructure transactions in 2017 and confirms Ardian’s leadership in secondary infrastructure funds of funds.
The transaction continues Ardian’s secondary funds strategy to offer liquidity to large institutions looking to rebalance their portfolios and monetize their private equity investments. In 2016, the Ardian Fund of Funds team totaled $4.8 billion of secondary, infrastructure secondary and early secondary transactions worldwide.