Ardian has raised €2 billion ($2.4 billion) for its Ardian Expansion Fund V, doubling the size of its previous fund in six months.
According to Ardian, the investment vehicle brought in a global and diverse investor base. Investors from the previous generations of the fund represent 50 percent of Fund V, while more than a third of the fund’s investors are new to Ardian. Ardian Expansion Fund V also welcomed sovereign wealth funds for the first time, alongside insurance companies, high-net-worth individuals and pension funds.
Several managers of Ardian Expansion’s portfolio companies also made commitments, which amount to nearly 5 percent of the size of the fund.
Geographically, the fund attracted new investors, notably from Asia and the Middle East.
Ardian Expansion Fund V is already 10 percent deployed and has completed two investments since May. These include Swissbit, a Swiss provider of NAND flash-based storage and embedded IoT solutions, which
