In private equity, secondaries transactions give investors the chance to offload their earlier investments as another exit option. The buyers, presumably, are going in at a more updated risk-adjusted level with better assurance for their own eventual upside.
France-based investment firm Ardian has raised US$30 billion for its latest secondaries platform, with Asia-based investors chipping in just over a fifth of this amount.
The amount raised via this ninth-generation fund platform beats the earlier round of US$19 billion in 2020, and brings Ardian's secondaries and primaries assets under management to US$97 billion.
