Paris private equity firm Ardian has raised a $10 billion fund of funds.

The money is comprised of $9 billion from Ardian's sixth generation secondary platform, ASF VI, which it says is the largest secondaries fund ever raised globally, and another $1 billion in primary commitments. ASF VI will invest in large secondaries transactions, buying interests in private equity funds or portfolios of interests in various funds from existing investors, allowing it to obtain limited partnership interests in those funds.  

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