Select a region
The Aztec Group has been selected by Ardian to administer the world’s largest secondaries platform, ASF VIII.
Headquartered in Paris, Ardian is a leading global private investment firm with $96 billion in assets under management (AUM).
The firm’s Fund of Funds platform, which covers both primary and secondary fund of funds, now has $53bn in AUM, with an exposure to more than 10,000 portfolio companies through 1,600 underlying funds.
The Fund attracted commitments from 275 investors in nearly 40 countries, including major pension funds, sovereign wealth funds, insurance companies, high-net-worth individuals and financial institutions. The Fund aims to offer liquidity to investors against the backdrop of a major global recession, as they look to re-balance private equity portfolios and seek yield opportunities for savers.
Michelle McNaney, Co-Head of Private Equity in the Aztec Group’s Jersey office, commented: “We’re delighted to have worked with Ardian on the extremely successful fundraise for their record secondaries platform. This is a further vote of confidence in our team’s experience of this sector, and in Jersey as a leading centre of administrative expertise for international investment managers. We look forward to building on our positive partnership with Ardian as we continue to administer this global platform.”
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.