Ardian, Mubadala Capital in $2.1 bln 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 $2.1 billion private equity partnership.

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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.

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.

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