Ardian, a Paris-based investment company, has raised 1.1 billion euros (US$1.17 billion) for its fourth co-investment fund.
Ardian Co-Investment Fund IV will focus on acquiring minority stakes in private equity deals around the world. Fund IV’s limited partners include insurance companies, pensions funds and more than 30 family offices.
So far, this pool has made 11 investments, which include Florida-based CMG, a provider of primary care physician services; SIG, a European maker of aspetic carton packaging and pet products retailer PetSmart.
Ardian’s previous co-investment fund raised 730 million euros in 2007. No information is available on the performance of the fund.
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