- Fund name: Ardian Private Debt IV
- Amount raised: €3 billion
- Target size: €2.5 billion
- Hard-cap: €3 billion
- Stage of fundraising: Final close
- Final close date: January 2020
- Time on the road: 18 months
- Predecessor fund: Ardian Private Debt III (€2.03 billion)
- Transaction size: €100 million to €200 million
- Number of investors in the fund: 90 investors across 15 countries
Ardian has announced a final close for its fourth-generation private debt platform, Ardian Private Debt IV. The firm has closed the fund on its €3 billion hard-cap, surpassing its €2.5 billion target size. Mark Brenke, managing director and head of private debt, said that Ardian had sufficient demand to have raised more than its hard-cap but felt the amount of capital raised matched the market opportunity.