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Complex Corporate Restructuring – Project Cruise
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Seller type
Sovereign Wealth Fund -
Portfolio
14 Buyout & Growth LP Interests and 14 Co-Investments
The Private Equity team within the Sovereign Wealth Fund had the long term objective to transition into a third party asset manager and establish a diverse and international investor base. Even though the Private Equity team had a strong investment and proven sourcing capabilities, they needed Ardian’s help to transform its capital structure. Following the successful secondary sale of its portfolio, the Private Equity team and Ardian created a proper GP / LP structure with two new fund vehicles being managed by the Private Equity team as the GP, and built a strong investor base of 17 top international LPs.
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