Performance watch: Ardian’s buyouts funds

The firm's latest vehicle has a hard-cap of €6.5bn. Here we present performance data from previous funds and key fund term data points for the new vehicle.

Paris-headquartered Ardian has set a hard-cap of €6.5 billion for its seventh buyout fund, making it potentially 44 percent larger than its predecessor that closed on €4.5 billion in 2016.

Ardian Buyout Fund VII has a target of €6 billion, according to New Jersey Division of Investment‘s 25 September board meeting documents. The pension has committed €125 million to Fund VII and €50 million to a co-investment sidecar.

In all, Ardian is looking to raise over $25 billion in capital from institutional investors this year. It is currently in the market with its eighth secondaries fund that is targeting $18 billion, including $6 billion in co-investment pockets, sister publication Secondaries Investor reported.

The buyout fund will carry a 1.5 percent management fee on total commitments during the investment period and 1.5 percent of cost post-investment period. The fund has a carried interest rate of 20 percent and an 8 percent hurdle rate. It will have a 1 percent GP commitment, according to the New Jersey documents.

Key investment professionals in Ardian’s seventh buyout fund are Dominique Senequier, Philippe Poletti and Nicolò Saidelli.