Ardian, a global private investment house, has made an investment in a portfolio of private equity assets managed by Mubadala Capital, a wholly-owned asset management subsidiary of Mubadala Investment Co.
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. All assets in the new portfolio were previously held on Mubadala Capital’s balance sheet. Ardian will also make a primary commitment to Mubadala Capital’s private equity funds.
“This transaction is a significant vote of confidence in our ability to create value for our investors and partners by executing against our strategy and differentiated approach to the private equity market,” comments Hani Barhoush, managing director and CEO of Mubadala Capital.
Evercore acted as financial advisor to Mubadala Capital on this transaction.