Ardian Buying $1.3B of LP Interests from GE Capital
April 30, 2014
Ardian has agreed to buy a $1.3 billion portfolio of LP interests from GE Capital. The largest secondary PE transaction over the last year, the deal comes barely a week after Ardian announced it raised the largest secondaries fund ever, which clocked in at a gargantuan $10 billion. The acquired portfolio consists of passively held LP interests in predominantly U.S. buyout funds.