PE fundraising scorecard: Ardian, Balance Point, BlackRock, Golub

To close valuation gaps, sponsors are turning more often to hybrid capital stacks with waterfalls, sponsor overhang, and various preferred stock structures.

Infrastructure managers are raising ever-larger funds to acquire power plants and grid assets, betting that electricity will become one of the scarcest commodities of the AI era.

Having joined Ardian two decades ago, Benedetti has played a central role in the firm’s growth and strategic development.