Alexandre Motte, Head of Co-Investment (on the left) and
Patrick Kocsi, Senior Advisor of Co-Investment in North America (on the right)
With the strong support of three members of the Executive Committee: Benoît Verbrugghe, Mark Benedetti and Vladimir Colas
With the successful close of Co-Investment Fund V at $2.5bn, more than three-times the size of the previous generation, Ardian has cemented its position among the world’s biggest Co-Investment players. The new fund attracted a much more global spread of investors than previous generations, including LPs from Germany, Italy, Chile, Colombia and Korea. It also marked the first time the company had raised money through feeder funds managed by four European private banks.
To reflect Ardian’s growing Co-Investment capacity, we have expanded our team and created a structure that integrates the investment managers more closely with our Fund of Funds platform, so that Co-Investment can capitalize more efficiently on Ardian’s deep relationships with the world’s leading GPs. In the US and Europe, Co-Investment now has local investment professionals working alongside a dedicated GP relations team responsible for deal origination.
This change is already producing results: deal flow has increased from 87 proposed transactions in 2017 to well over 100 in 2018. We have completed 11 deals to date in Fund V, evenly split between the US and Europe, and ranging in size from $10m to $60m. Up to 10% of the fund can also be invested in Asian deals.
“We adapted our approach in the US to better answer the demands of investors.”