Investment venture: Ardian unveils Evergreen Fund, expanding access to private market opportunities for multiple financiers
Ardian, a global private investment firm managing $180 billion in assets, has announced the launch of Ardian Access SICAV-RAIF – a private investment vehicle designed to provide global investors, including accredited US investors, with easier and more efficient access to the firm's private market strategies.
Operating as a Société d'Investissement à Capital Variable – Reserved Alternative Investment Fund (SICAV-RAIF) based in Luxembourg, Ardian Access offers a flexible and regulated investment structure that caters to sophisticated investors seeking alternative investment exposure.
Key features of Ardian Access SICAV-RAIF include access to multiple private market strategies, flexible entry for accredited investors, global diversification, and a vehicle structure that offers a recognised legal framework. Investors can invest across Ardian's secondaries, primaries, and direct co-investments, facilitating flexible capital deployment and exit options.
Benefits of Ardian Access SICAV-RAIF include enhanced liquidity and flexibility, diversification and risk mitigation, professional management by Ardian, and competitive access to deals. By combining secondary market access with co-investment opportunities, Ardian Access provides increased liquidity options versus traditional closed-end private equity funds.
Erwan Paugam, Head of Private Wealth Solutions and Managing Director at Ardian, highlighted that the Ardian Access platform is a significant step towards opening the firm's deal flow to more investors. Jan Philipp Schmitz, Executive Vice-President of Ardian, stated that secondary investments are suitable for private wealth due to their potential for quick returns and wide diversification.
Ardian Access requires a minimum investment of €100,000 and was developed in partnership with iCapital. The platform allows for immediate capital deployment while minimizing cash drag, aiming to generate long-term value and mitigate risk by investing globally across various sectors and company sizes.
Marie-Victoire Rozé, Deputy Co-Head of Secondaries & Primaries and Senior Managing Director at Ardian, noted that there is a growing trend of private investors accessing private capital for portfolio diversification and long-term returns. Over 20% of Ardian's latest Secondaries fundraise came from private wealth channels, underscoring the increasing interest in private equity among private investors.
Ardian Access provides professional investors with flexible access to a diversified portfolio of private assets, leveraging the firm's extensive experience across secondaries, primaries, and direct co-investment platforms, managing nearly $110 billion. Ardian Access SICAV-RAIF aims to provide private investors with access to the same deals that the firm has sourced for institutional investors.
References:
[1] Ardian. (2021). Ardian launches Ardian Access SICAV-RAIF, a new private investment vehicle for global accredited investors. Retrieved from https://www.ardian.com/en/media/press-releases/ardian-launches-ardian-access-sicav-raif-a-new-private-investment-vehicle-for-global-accredited-investors
[2] Preqin. (2021). Ardian launches Ardian Access SICAV-RAIF, a new private investment vehicle for global accredited investors. Retrieved from https://www.preqin.com/media/1350773/ardian-launches-ardian-access-sicav-raif-a-new-private-investment-vehicle-for-global-accredited-investors.html
Investors can benefit from Ardian Access SICAV-RAIF's access to multiple private market strategies in finance, allowing for diversified investing in the business sector. The platform, designed for sophisticated global investors, offers flexible entry and a recognized legal framework, providing increased liquidity and risk mitigation compared to traditional closed-end private equity funds.
