We build high-quality industrial companies

Ardian’s North America Fund team specializes in lower middle market private equity transactions, acquiring industrial and business services companies across a range of sectors. We create value by taking on complex situations including family successions and carve-outs, strengthening management teams, improving operational performance and supporting buy-and-build strategies.

The team
North America Direct Buyouts Investments

  • $10M to $50M

    EBITDA of targeted companies

  • 7

    investment professionals

We target strong yet underappreciated companies

Ardian's North America Fund targets high-quality industrial assets that have an addressable complexity coupled with attractive financial characteristics. Our team brings extensive expertise and resources, making us a highly desirable partner for middle-market companies, including owner-operated businesses.

We reinforce Ardian’s multi-local presence

Our launch of North American Fund in 2016 marked Ardian’s first step into direct investment activity outside Europe. The move represents a continuation of our multi-local approach, allowing us to meet the demand from our clients around the world to invest in high-quality investment opportunities among lower middle market US companies.

We create value from complex opportunities

We look to take on more complex situations, such as carve outs and disposals, investments in owner-operated businesses or companies that have concentrated relationships with their key customers. Our ability to manage and resolve these complexities enables us to create significant value for our stakeholders.

PRGX, technological and intelligent financial solutions

Discover how PRGX went from a pure recovery audit company to a recovery-intelligent solution provider with Michael Lustig, President and CEO of PRGX and James Sly, Senior Vice President Global Retail Operations at PRGX.

The Team

Ardian's North America Fund has a team of 7 investment professionals based in New York, led by Vincent Fandozzi.

"The combination of our team’s expertise in the industrial sector and Ardian’s global scale provides a compelling proposition."

Vincent Fandozzi Head of North America Fund
Vincent Fandozzi

Vincent Fandozzi

Head of North America Fund

Kevin Kruse

Kevin Kruse

Managing Director

Mark Mackey

Mark Mackey

Managing Director

Todd Welsch

Todd Welsch

Managing Director

Derek Rush

Derek Rush

Director

Eloy ruiz

Eloy Ruiz

Senior Investment Manager

Maegan Wang

Maegan Wang

Senior Investment Manager

With Ardian’s support, PRGX is taking advantage of its advanced data analysis capabilities to strengthen its global leadership in ‘recovery audit’ and...

  • North America Fund Growth stories

In conversation with Soteria Flexibles

  • North America Fund Growth stories

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European Private Markets Fund Manager of the Year 2024

In November 2024, Ardian has won the “European Private Markets Fund Manager of the Year 2024” (AuM of more than €100bn) at the Funds Europe Awards 2024 in London.

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European Asset Management Firm of the Year 2024

In November 2024, Ardian has won the “European Asset Management Firm of the Year 2024” at the Funds Europe Awards 2024 in London.

Award-IJGlobal-ESG-Awards-2024

ESG Manager of the Year 2024

In October 2024, Ardian was awarded “IJ Global ESG Asset Manager of the Year,” at the IJ Global Awards 2024.

Our latest publications

Ardian Corporate Brochure

Read the brochure

Ardian 2023 Integrated Report

Read the report

We’ve strengthened the management teams at our portfolio companies and we’re seeing an improving performance trend across the board.

Vincent Fandozzi Head of North America Fund

Business enquiries

Contact the North America Fund Team