Ardian, Mubadala Capital in $2.1bn private equity partnership

Paris-based private equity fund Ardian and Abu Dhabi state investor Mubadala’s asset management arm said on Thursday they were forming a $2.1bn private equity partnership.

Ardian would invest in a portfolio of private equity assets managed by Mubadala Capital, and make a primary commitment to its private equity funds, a joint statement said.

As part of the transaction, Ardian and Mubadala Capital curated a portfolio of 10 limited partnership interests with a group of general partners predominantly in North America and Europe, as well as six direct investments.

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The assets in the new portfolio were previously held on Mubadala Capital’s balance sheet following a spin-off from Mubadala Investment Company in 2021, the statement added.

Ardian is a world leading private investment house, managing or advising $141bn of assets on behalf of more than 1,300 clients globally.

Mubadala Investment Company is a global sovereign investor managing a US $284 billion portfolio that spans six continents with interests in multiple sectors and asset classes.

The company leverages its deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates.

Source: Yahoo Finance

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