Fundraising

Ardian Growth Fund III's limited partners include major banks and insurance companies, entrepreneurs, pension funds and government agencies.

JADA is the fund's lead investor.

Fund V will target companies in power generation, renewable and storage assets and critical sustainability and decarbonization infrastructure.

The firm plans to launch its Core Private Equity product this year and will invest via secondaries, according to CIO and CEO Beno​ît Durteste.

Recently launched, Fund III will hold a first close in June, UH endowment documents said, with a final close expected to occur in the third quarter.

The fund's limited partners include pension funds, endowments/foundations, family offices and other institutional investors.

Fund X plans on making about 12 investments and has already invested in three companies, Dura Software, Packsize and Kelso.

RCG II will target six companies within the business services, consumer and healthcare services sectors.

Fundraising for growth funds represented about 19.6% of the total private equity capital raised in the first quarter, according to Buyouts data.

Carlyle Japan Partners V's limited partners include both domestic and global investors.