Side Letter: Ardian’s leadership update; Blackstone wants EU; Apax’s small-cap successor

Details on who's leading the world's largest secondaries firm's European business. Plus: Blackstone is targeting wealthy Europeans with a new vehicle just as the tussle for talent heats up industry-wide; and France's Apax is plotting the launch of its next small-cap fund. Here's today's brief, for our valued subscribers only.