Ardian steps up as buyer of CIC portfolio sale

The sale is expected to be the first in what could be a series of fund stakes offerings by the sovereign fund as it works to manage its portfolio.

Ardian emerged late last year as the buyer of a portfolio of fund stakes being shopped by China Investment Corp, which brought its secondaries sale back to market after pulling an earlier effort, affiliate title Secondaries Investor has learned.

The sale could be the first in a series of secondaries sales the sovereign fund is said to be contemplating as it looks to manage its large private investment portfolio.