Ardian Attracts About $10bn So Far for New Secondary Fund

Ardian Attracts About $10bn So Far for New Secondary Fund

Multistrategy asset manager Ardian has corralled roughly $10bn of investor interest so far for its latest vehicle to buy secondhand stakes in private-equity funds and plans a first close for the pool in early October, according to people familiar with the matter. The...
HNW investors turn to alternative assets for higher returns

HNW investors turn to alternative assets for higher returns

High-net-worth investors (HNWIs) are allocating more to alternative assets such as private equity and private debt, as they diversify away from quoted markets in search of higher returns. Connection Capital’s private client Alternatives Investment Survey has revealed...