LP Data

Manager

Ardian

Real AssetsPrivate Equity
Funds with performance
24
LP investors
15

Public LPs disclosing at least one fund

SEC regulatory AUM
$2.77B

As of 2026-10-29

The franchise by vintage

Funds disclosed by public LPs, by strategy and vintage year. Dot area is the number of funds raised that year.

Private Equity18
Real Assets17
2010201520202025
Funds
Funds managed by Ardian
Fund Name
Strategy
Sub-Strategy
Geography
Vintage
IRR
TVPI
DPI
As-of Date
Gross AUM
LPs
(Ardian) AXA LBO Fund V LPPrivate EquityBuyoutEurope201211.1%1.59x1.54x2026-03-31—1
(Ardian) AXA Secondary Fund V-B LPPrivate EquitySecondariesGlobal201015.4–16.3%1.60–1.61x1.60–1.61x2026-03-31—5
Ardian Infra Fund V Co-Invest EdenReal AssetsInfrastructureNorth America20220.5%1.00x0.01x2026-03-31—4
Ardian Infra Fund V Co-Invest LemonReal AssetsInfrastructureNorth America202221.4%1.80–1.84x0.00x2026-03-31—5
Ardian Infrastructure Fund V BReal AssetsInfrastructureEurope201910.1–10.3%1.40–1.42x0.17x2026-03-31—5
ARDIAN Infrastructure Fund VI B S.C.S., SICAV-RAIFReal AssetsInfrastructureEurope20239.1%1.18–1.20x0.06x2026-03-31—5
Ardian LBO Fund VI, L.PPrivate EquityBuyoutEurope20165.2%1.27x0.78x2026-03-31—1
Ardian Secondary Fund IX, L.P.Private EquitySecondariesNorth America202316.7%1.18x0.14x2026-03-31—1
ASF IX BPrivate EquitySecondariesGlobal202216.6–16.7%1.18–1.20x0.14x2026-03-31—6
ASF IX B NYC Co-InvestReal AssetsInfrastructureNorth America20229.9%1.18x0.06x2026-03-31—5
ASF VI BPrivate EquitySecondariesGlobal201310.9–11.1%1.40–1.41x1.35–1.36x2026-03-31—5
ASF VI B NYC Co-InvestReal AssetsInfrastructureNorth America201410.7%1.43x1.42x2026-03-31—4
ASF VI NYC Co-Invest, L.P.Real AssetsInfrastructureNorth America201410.9%1.44x1.44x2026-03-31—1
ASF VI, L.P.Private EquitySecondariesGlobal201311.0%1.40x1.35x2026-03-31—1
ASF VII BPrivate EquitySecondariesGlobal201511.9–12.8%1.46–1.53x1.17–1.21x2026-03-31—7
ASF VII B NYC Co-InvestReal AssetsInfrastructureNorth America201516.3–18.0%1.81–1.93x1.43–1.49x2026-03-31—5
ASF VII Infrastructure L.P.Real AssetsInfrastructureNorth America201610.6–11.0%1.50–1.54x0.99–1.01x2026-03-31—5
ASF VII PA Co-InvestReal AssetsInfrastructureNorth America201614.6%1.80x1.17x2026-03-31—1
ASF VII, L.P.Private EquitySecondariesGlobal201513.4%1.55x1.24x2026-03-31—3
ASF VIII B L.P.Private EquitySecondariesGlobal201810.7–10.8%1.33–1.40x0.54–0.59x2026-03-31—9
ASF VIII B NYC Co-InvestReal AssetsInfrastructureNorth America20197.1–8.1%1.22–1.25x0.37–0.39x2026-03-31—5
ASF VIII Infrastructure B L.P.Real AssetsInfrastructureNorth America20219.3–9.9%1.18–1.20x0.14–0.15x2026-03-31—6
ASF VIII L.P.Private EquitySecondariesGlobal201810.7%1.37x0.54x2026-03-31—2
ASF VIII PA Co-InvestReal AssetsInfrastructureNorth America20206.3%1.20x0.27x2026-03-31—1
LP Investors
Limited partners invested in Ardian funds
LP NameTypeLocationFunds Invested
J. Paul Getty Trustfoundation—1
Teachers' Retirement System of the City of New Yorkpublic_pensionNY15
New York City Employees' Retirement Systempublic_pensionNY16
Florida State Board of Administrationpublic_pensionFL8
California State Teachers' Retirement Systempublic_pensionCA3
Connecticut Retirement Plans and Trust Fundspublic_pensionCT2
New York City Police Pension Fundpublic_pensionNY16
Pennsylvania State Employees' Retirement Systempublic_pensionPA7
New York City Fire Department Pension Fundpublic_pensionNY16
California Public Employees' Retirement Systempublic_pensionCA1
State of Michigan Retirement Systemspublic_pensionMI5
New York City Board of Education Retirement Systempublic_pensionNY17
New Jersey Division of Investmentpublic_pensionNJ1
Northern LGPSpublic_pension—1
New York State Common Retirement Fundpublic_pensionNY1