Wafra acquires minority stake in French private equity firm Ardian

Wafra, owned by the Public Institution for Social Security of Kuwait (PIFSS), has completed a number concern successful French backstage equity steadfast Ardian.

Established successful 1996 successful France arsenic a buyout firm, Ardian has grown to a backstage concern steadfast with $192bn of assets nether management.

The institution provides customised concern solutions, providing its 1,860 clients with opportunities successful backstage equity, existent assets, and backstage credit.

Last year, Ardian raised the largest ever secondaries money (ASF IX) and $20bn for its infrastructure platform, which invests successful indispensable infrastructure crossed Europe.

The institution besides raised €3.2bn ($3.6bn) for its mid-cap backstage equity strategy, focusing connected mission-critical businesses.

Wafra said that the concern is portion of its Strategic Partnerships programme, designed to collaborate with scaled alternate plus managers.

The number concern successful Ardian aims to enactment Wafra’s continued maturation and enlargement crossed backstage markets globally.

Wafra main concern serviceman Adel Alderbas was quoted by Bloomberg arsenic saying: “Ardian is an charismatic strategical spouse for america due to the fact that it is 1 of the fewer plus managers that has demonstrated longevity and consistency of its way grounds crossed each plus classes.

The steadfast has “grown organically for a precise agelong clip and person done a large occupation astatine it,” helium added.

Wafra is simply a planetary alternate concern manager, based successful New York, and operating successful London and Bermuda, with astir $28bn of assets nether management.

The institution has been providing superior solutions for implicit 40 years, gathering partnerships with plus owners, companies, and absorption teams.

It has been investing successful plus absorption businesses and seeking opportunities to grow its backstage markets exposure, peculiarly successful secondaries and existent assets.

Wafra said that its determination to put successful Ardian was driven by Ardian’s scale, diversified strategies, and show crossed marketplace cycles. It besides believes that

Ardian intimately aligns with its absorption connected partnerships that connection collaboration opportunities for its planetary capitalist network.

In July, Ardian introduced Ardian Access, an concern conveyance designed to supply accredited US investors nonstop entree to backstage equity opportunities.

"Wafra acquires number involvement successful French backstage equity steadfast Ardian" was primitively created and published by Private Banker International, a GlobalData owned brand.

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