DUBAI – Paris-based non-public fairness fund Ardian and Abu Dhabi state investor Mubadala’s asset administration arm mentioned on Thursday they had been forming a $2.1 billion non-public fairness partnership.
Ardian would put money into a portfolio of personal fairness belongings managed by Mubadala Capital, and make a major dedication to its non-public fairness funds, a joint assertion mentioned.
As a part of the transaction, Ardian and Mubadala Capital curated a portfolio of 10 restricted partnership pursuits with a gaggle of common companions predominantly in North America and Europe, in addition to six direct investments.
The belongings within the new portfolio had been beforehand held on Mubadala Capital’s stability sheet following a spin-off from Mubadala Funding Firm in 2021, the assertion added.
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