Ardian, a world-leading private investment house, has entered into a $2.1 billion worth private equity partnership with Mubadala Capital, the asset management subsidiary of Abu Dhabi’s sovereign fund Mubadala Investment Company.
Under the partnership, France-based Ardian will invest in a portfolio of high-quality private equity assets managed by Mubadala Capital, and in parallel Ardian will make a primary commitment to Mubadala Capital’s Private Equity funds.
Ardian and Mubadala Capital have built a strong relationship since forming a successful initial partnership in 2017, a milestone transaction that established Mubadala Capital as a third-party asset manager and represented the first time a sovereign wealth fund has managed capital on behalf of institutional investors.
For his part, Mr. Hani Barhoush, Managing Director and CEO Of Mubadala Capital, commented that, “This transaction is a significant vote of confidence in our ability to create value for our investors and partners by executing against our strategy and differentiated approach to the private equity market.”
As part of this latest transaction, Ardian and Mubadala Capital curated a portfolio of ten limited partnership interests with a leading group of General Partners predominantly in North America and Europe, as well as six high-quality direct investments. Evercore acted as the exclusive financial advisor to Mubadala Capital on this transaction.
According to the statement, “All of the assets in the new portfolio were previously held on Mubadala Capital’s balance sheet following a successful spin-off from Mubadala Investment Company in 2021.”
“This transaction is the culmination of a highly collaborative and close working relationship with Mubadala Capital over the past five years. They are a well-respected team with an established track record, and this latest transaction is indicative of the importance we place on being a valuable long-term partner,” said Mr. Mark Benedetti, Member of the Ardian Executive Committee and Co-chair of Ardian US.