Ardian Plans New Secondaries Fund After $30 Billion Haul in 2025

Ardian is preparing to raise its next secondaries fund after amassing a record $30 billion last year to buy stakes in portfolios of other private-asset managers, according to people familiar with the matter.

The firm held informal discussions with investors signaling its intentions and plans to make a formal pitch to them later this year or in early 2027, the people said, asking not to be identified because the discussions are confidential. The bulk of the money raised for the prior vehicle, its ninth such fund, has already been deployed or committed, the people said