Ardian
Private equityParis · Growth–Late Stage · 1 people tracked
Also known as Ardian Us Llc
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Investment thesis
Ardian operates as a global diversified private markets firm, delivering investment solutions and customized strategies with what it calls multi-local expertise and a focus on long-term performance. Its investment activities span private equity (including secondaries and primaries, co-investment, buyout, expansion, growth, a North America fund, and semiconductors), real assets (infrastructure, real estate, real asset debt, and nature-based solutions), and credit (private credit and NAV financing). The firm emphasizes long-term value creation, close investor relationships, and social responsibility, aiming to share the gains it helps generate as widely as possible while integrating sustainability into its approach to private markets.
Source: firm website, verified Sep 25, 2026.
Team · 1 people
from public directoriesFounder mafia
The Ardian mafia →9 people who came through Ardian went on to found or lead other companies.
What they invest in
from 16 of 18 portfolio companiesEnterprise Software ×4Advanced Manufacturing ×3Cleantech ×3Consumer ×3AI & Machine Learning ×2Climate Tech ×2Fintech ×2Hardware ×2
HQs:France×4United Kingdom×2Italy×1Singapore×1United States×1
Investments · 18 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12024 · 12023 · 12021 · 12019 · 12018 · 17 dated
aDryada develops nature restoration projects and works in carbon markets, drawing on experience in international finance, large infrastructure project management, and government contract negotiation.
CleantechClimate TechImpact & Social Good
Co-investorsFuture Positive CapitalEurazeo
HR Path provides HR consulting, HRIS integration, and HR outsourcing services, supporting organizations through the digital transformation of their HR departments across the full employee lifecycle.
Enterprise SoftwareHR TechSaaS
François Boulet(Founder)in
Co-investorsAndera Partners
Translated offers TranslationOS, an AI-driven platform for enterprise localization that combines automated translation with human review, providing real-time visibility into translation projects and integrating with business workflows.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaS
Isabelle Andrieu(Founder)inMarco Trombetti(Founder)in
Co-investorsPi Campus
Alvest is a group organized around a Supervisory Board, an Alvest Management Committee, and a Steering Committee that oversee its global operations and governance.
CleantechSector Agnostic
Valentin Schmitt(President and CEO)in
Co-investorsPAI PartnersLa Caisse
Audiotonix produces educational kits that combine STEM learning with audio engineering, allowing students to build a USB-powered DJ mixer and develop skills in professional audio technology and production.
Advanced ManufacturingCreator EconomyEdTechHardwareMedia & EntertainmentUK, GB
James Gordonin
Co-investorsEpirisLivingbridgePAI Partners
Sagemount (part of Bregal) is a private capital investor that applies environmental, social, and governance screening and value creation strategies to portfolio companies across growing end markets.
FintechImpact & Social Good
Co-investorsRiverwood Capital
Casaforte operates self-storage facilities across Italy, renting storage units in various sizes for individuals and businesses needing temporary or long-term space.
ConsumerLogistics & Supply ChainBergamo, IT
PartnerLaurent Grimaldi· solo GP
Galderma is a dermatology-focused company that develops and delivers branded pharmaceutical and medical solutions across the full spectrum of skin care and dermatological treatments.
BiotechConsumerHealthtechMedical Devices
Flemming Ørnskov(Chief Executive Officer)
PartnerLaurent Grimaldi· solo GP
Co-investorsAisling Capital
Golden Gate Ventures is an early-stage venture capital firm that invests in technology startups addressing opportunities in Southeast Asia's emerging consumer markets.
B2B MarketplacesFintechSingapore, SG
Kelvin TeoReynold Wijaya
Co-investorsFMG CapitalMekong CapitalApollo
Groupe RG is a specialist distributor of personal protective equipment (PPE) serving industrial sectors across France.
Advanced ManufacturingEnterprise Software
Co-investorsAndera Partners
Liberty Tire Recycling processes scrap tires into eco-friendly products through reclamation and recycling to support a circular economy.
Advanced ManufacturingCircular EconomyCleantechClimate TechNew Materials
Juan E. Mayol(Chief Accounting Officer)
PartnerLaurent Grimaldi· solo GP
Orbis Protect is a security services company providing vacant property solutions, site security, and people protection services across the UK and Europe.
CybersecurityEnterprise SoftwarePropTechUxbridge, GB
Ben Howard(Chief Executive Officer)James Gay(Chief Commercial Officer)inShaun Wilcock(Chief Technology Officer)Alf Davis(Chief Financial Officer)inAnna Kingan(Chief Operating Officer)in
Prosol selects, promotes, and distributes fresh, quality food products sourced from partner producers, which it sells through its own stores.
FoodTechRetail Tech
PartnerLaurent Grimaldi· solo GP
Saal Digital is a photo printing service that lets customers design and order custom photo books and prints through its website software and mobile app.
ConsumerDirect to ConsumerE-commerce
Co-investors10x Group
SERMA is a technically-focused company that offers training solutions, delivered in-house, inter-company, remotely, or customized to client needs.
Deep Tech
Co-investorsChequers Capital
VSORA develops the Tyr family of programmable Edge AI processors that deliver data-center-class compute performance with low power consumption for on-device inference.
AI & Machine LearningHardwareSemiconductorsMeudon-la-Forêt, FR
Khaled Maalej(Founder)in
PartnerLaurent Grimaldi· solo GP
Co-investorsAdelieIsaiISAI GestionOtium CapitalPartech VenturesPolytechnique Ventures+2 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Bordeaux BastideInfoblox
Portfolio news
latest coverage across their companiesVSORA · finsmes.com · Jul 3, 2026
Fund performance · per public LP disclosures · 23
as of Dec 2024| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Ardian CT PE Part. Class D LegLPs: Connecticut Retirement Plans and Trust Funds | 2024 | — | — | 1.00x | — |
| Ardian Expansion 6LPs: Northern LGPS | 2024 | — | — | 0.98x | — |
| ARDIAN Infrastructure Fund VI BLPs: New York City Fire Department Pension Fund, New York City Board of Education Retirement System | 2023 | — | 13.1% | — | 0.01x |
| Ardian Secondary Fund IX, L.P.LPs: Teachers' Retirement System of the City of New York | 2023 | — | 27.3% | 1.21x | 0.08x |
| Ardian Infra Fund V Co-Invest EdenLPs: New York City Fire Department Pension Fund | 2022 | — | 10.1% | 1.40x | — |
| Ardian Infra Fund V Co-Invest LemonLPs: New York City Fire Department Pension Fund | 2022 | — | 25.5% | — | — |
| Ardian Infrastructure Fund V BLPs: New York City Fire Department Pension Fund, New York City Board of Education Retirement System | 2019 | — | 14.4% | 1.50x | 0.14x |
| Ardian Infrastructure Fund VBLPs: New York City Fire Department Pension Fund | 2019 | — | 14.3% | 2.00x | 0.16x |
| ASF VIII B NYC Co-InvestLPs: New York City Employees' Retirement System, New York City Police Pension Fund | 2019 | — | 13.7% | 1.38x | 0.32x |
| ASF VIII-B LPLPs: Florida State Board of Administration | 2018 | — | 13.7% | 1.37x | 0.45x |
| Ardian LBO Fund VI-A LPLPs: Florida State Board of Administration | 2016 | — | 5.7% | 1.28x | 0.78x |
| ASF VII B NYC Co-InvestLPs: New York City Employees' Retirement System, New York City Police Pension Fund | 2015 | — | 17.3% | 1.85x | 1.33x |
| ASF VII-B LPLPs: Florida State Board of Administration | 2015 | — | 12.9% | 1.51x | 1.07x |
| ASF VI B NYC Co-InvestLPs: New York City Employees' Retirement System, New York City Police Pension Fund | 2014 | — | 11.3% | 1.47x | 1.32x |
| ASF VI-B LPLPs: Florida State Board of Administration | 2013 | — | 11.3% | 1.42x | 1.31x |
| AXA LBO Fund V LPLPs: Florida State Board of Administration | 2012 | — | 11.0% | 1.58x | 1.54x |
| AXA Secondary Fund V B L.P.LPs: New York City Employees' Retirement System, New York City Police Pension Fund, Pennsylvania Public School Employees' Retirement System +1 more | 2011 | — | 15.4% | 1.61x | 1.60x |
| AXA Secondary Fund V L.P.LPs: Teachers' Retirement System of the City of New York, Florida State Board of Administration | 2011 | — | 13.6% | 1.55x | 1.54x |
| AXA Secondary Fund V-B LPLPs: Florida State Board of Administration | 2010 | — | 16.3% | 1.60x | 1.60x |
| Ardian Secondary Fund VI, L.P.LPs: Florida State Board of Administration | 2007 | — | 12.8% | 1.48x | 1.28x |
| Ardian LBO Fund VI, L.PLPs: Florida State Board of Administration | 2004 | — | 10.0% | 1.34x | 0.47x |
| ARDIAN INFRA FD V CO INV LEMONLPs: New York City Board of Education Retirement System | — | — | — | 1.26x | — |
| ARDIAN INFRASTRUCTURE FUND VLPs: New York City Board of Education Retirement System | — | — | — | 1.31x | — |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Ardian made?
- Ardian has 18 tracked investments, including 3 dated in the last 24 months.
- What stage does Ardian invest at?
- Ardian invests at the Growth, Late Stage stages.
- What sectors does Ardian focus on?
- Ardian focuses on Climate Tech, Energy, PropTech, Sector Agnostic, Semiconductors.
- Where is Ardian located?
- Ardian is headquartered in Paris, FR.
- Who does Ardian co-invest with?
- Ardian most often shares deals with Aisling Capital, Isai, Otium Capital, among 8 tracked co-investors.
Media · Podcasts & interviews
from their channelHR Path & Ardian | Accelerating the growth of a leading human resources platform
Ardian
HR Path & Ardian | Accélérer la croissance d'un leader mondial du conseil en ressources humaines
Ardian
Highlights from Ardian's 2026 Annual General Meetings in Stockholm
Ardian
AI Sovereignty & Data Centers: Concrete Use Case
Ardian
Ardian Access Infrastructure | A Privileged Access to Private Markets
Ardian
From Fresh Produce to Fresh Ideas: AI & Digital Transformation in retail and private equity
Ardian
Images
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