Investment Initiative: Introducing the Evergreen Fund, Offering Access to Exclusive Private Markets to a Broader Pool of Investors amidst Ardian's Expansion Strategy
Ardian Launches Ardian Access SICAV-RAIF, Offering Flexible Access to Private Market Opportunities
Ardian, a global private investment firm managing $180 billion in assets, has announced the launch of Ardian Access SICAV-RAIF, an evergreen private investment vehicle domiciled in Luxembourg. The fund aims to provide professional investors with flexible, diversified, and efficient access to various private market opportunities globally.
Targeted at wealth managers and their clients, Ardian Access SICAV-RAIF offers flexible access to a diversified portfolio of private assets, including secondaries, primaries, and direct co-investments across sectors, geographies, and company sizes. The fund's objective is to generate long-term value while mitigating risks and J-Curve effects.
One of the key features of Ardian Access SICAV-RAIF is the minimum investment of €100,000, which allows for immediate capital deployment while minimizing cash drag. This means investors can commit and gain exposure without long delays or large funds.
Ardian's extensive experience in managing nearly $110 billion in related platforms is another significant advantage. The firm's secondaries team has executed over $40 billion in secondary transactions in the past four years, and its co-investment team has invested alongside sponsors in more than 140 portfolio companies to date. This provides investors exposure to a broad and vetted private asset base.
Ardian Access SICAV-RAIF was developed in partnership with iCapital, a fintech platform supporting alternative investments. This partnership brings advanced servicing and technology solutions that facilitate efficient and scalable access for wealth managers and their clients.
Being an evergreen vehicle, Ardian Access SICAV-RAIF offers investors more flexibility compared to traditional private equity funds. Investors can enter and exit more freely, enhancing liquidity and timing flexibility for accessing private markets.
Jan Philipp Schmitz, Executive Vice-President of Ardian, emphasized that secondary investments are well-suited for private wealth due to their ability to provide wide diversification and quick returns. He also stated that the Ardian Access platform provides private investors with access to the same deals that Ardian has sourced for institutional investors since its inception almost 30 years ago.
Erwan Paugam, Head of Private Wealth Solutions and Managing Director at Ardian, further emphasized that the Ardian Access platform marks a significant step in opening Ardian's deal flow to more private investors. Marie-Victoire Rozé, Deputy Co-Head of Secondaries & Primaries and Senior Managing Director at Ardian, asserted that there is a significant increase in private investors able to access private capital for portfolio diversification and long-term returns.
In summary, Ardian Access SICAV-RAIF provides professional investors with flexible, diversified, and efficient access to various private market opportunities globally, backed by Ardian’s expertise and technological infrastructure, with relatively low minimum investments and the benefits of an evergreen fund structure.
[1] Ardian Press Release, "Ardian Launches Ardian Access SICAV-RAIF, A New Evergreen Private Investment Vehicle", (2021). [2] iCapital Press Release, "iCapital and Ardian Partner to Launch Ardian Access SICAV-RAIF, A New Evergreen Private Investment Vehicle", (2021). [3] Private Equity International, "Ardian launches evergreen fund for private wealth", (2021). [4] Pension and Investments, "Ardian launches Ardian Access SICAV-RAIF for private wealth", (2021).
Investors can access Ardian's extensive deal flow in private markets through the flexible Ardian Access SICAV-RAIF, which offers efficient financing to support various investing opportunities in the business sector. The fund's private asset base, featuring secondaries, primaries, and direct co-investments, aims to provide long-term value while minimizing risks and J-Curve effects.
