Ardian has set a target of €6 billion (about $6.8 billion) for its seventh flagship buyout fund, according to Private Equity News, a total that would make the vehicle the largest of its kind in the firm's history. Ardian raised €4.5 billion for its previous LBO fund in 2016, including €500 million for co-investments.
Since launching as a unit of French insurance giant AXA more than two decades ago, Ardian has ascended to the forefront of Europe's private equity scene, making more investments in the sector than any other outfit, per the PitchBook Platform. Led by president Dominique Senequier, one of the few women to head a big-ticket buyout firm, Ardian pursues deals across a diverse array of industries and strategies.
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