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Sign in Sign up for a FREE subscriptionArdian’s second real estate fund hits €1.2b
Ardian has raised €1.2 billion ($1.4 billion) for its second real estate fund (AREEF II), garnering the backing of nearly 100 investors — more than 50 of which are institutional — from around the world.
Reflecting a strong, diversified LP base, the capital came from 13 countries across the Americas, Europe and the Middle East.
Ardian’s inaugural fund, AREEF I, raised a total of €737 million ($834 million). AREEF II met its initial target size and raised more than 60 percent compared to its predecessor. Following AREEF I, the new fund will also invest in commercial property assets, mainly office buildings in strategic locations in Europe.
“Not only does this fundraise show the resilience of European real estate, it is a significant moment for Ardian Real Estate,” said Stephanie Bensimon, head of Ardian Real Estate. “Following the success of our investments from the first fund, delivering strong returns to our investors, this second-generation fund
