Aztec Group to administer $19bn secondaries fund 24 June 2020St Helier Reporter: Rebecca Delaney
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Ardian has chosen the Aztec Group to administer its 8th generation secondaries platform ASF VIII, the largest secondaries platform in the world at $19 billion.
With $96 billion current assets under management, Ardian’s fund of funds platform accounts for $53 billion across over 10,000 portfolio companies through 1,600 existing funds, ranging from pension funds and sovereign wealth funds to financial institutions and high net worth individuals.
ASF VIII offers liquidity to investors while balancing private equity portfolios and seeking new opportunities for savers.
As an existing provider of administrative, accounting, and governance services to Ardian, Aztec Group administers more than $46 billion within its secondaries fund of funds portfolio.
Michelle McNaney (pictured above), co-head of private equity at the Aztec Group’s Jersey office, commented: “Congratulations to Ardian on a significant and extremely successful fundraiser, reflecting the growth of the secondaries market and its attractiveness to investors looking for liquidity options. We are delighted to have the opportunity to further apply our knowledge and experience of the secondaries market, working closely with one of the world’s leading investment managers.”
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