Ardian opens San Francisco office

This is the twelfth office for the Paris-based firm, which is building a local team to focus on fund of funds relationships, and direct, infrastructure and private debt investments.

Ardian has opened a San Francisco office as it continues to expand globally, PDI sister title Secondaries Investor reported.

The new office is its second office in North America after New York, which it opened in 1999, and its 12th worldwide, according to a statement from the firm.

Ardian’s North American team is a large contributor to the Paris-based firm’s investment and fundraising activities, thanks to relationships with pension plans, insurance companies, financial institutions, endowments and family offices.

Wilfred Small, who joined Ardian in 2011 and was previously a senior investment management in the New York office, is leading the San Francisco outpost, under the responsibility of Vladimir Colas and Mark Benedetti, two managing directors in the New York office. Kathy Kang, an analyst with Ardian's fund of funds who was previously in the New York office, has also moved to San Francisco.

The new office will be staffed by a local team, who will monitor the firm's fund of funds relationships with limited partners and general partners. The new team will also focus on bringing Ardian’s direct, infrastructure and private debt activities closer to West Coast investors.

“We believe it is important to establish an on-the-ground presence given how… active we are in the region,” said Benoît Verbrugghe, member of the executive committee and head of Ardian US.

Ardian closed its third generation private debt fund on €2 billion last month. The firm also opened a Madrid office at the beginning of September and recently announced it is branching into real estate. It is also raising its seventh dedicated secondaries fund targeting $9 billion.