# Ardian: portfolio, investments and team

> Ardian is a private equity based in France. 35 investments on record, latest Jun 2021. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ardian (Millionrounds; every figure on the page links to its filing or article)

France · [Investor](https://millionrounds.com/investors)

# Ardian

Filed with the SEC to raise a fund in Jul 2026, closing $96M. Last cheque observed Jun 2021.

Quiet New fund $96M, Jul 2026 Private equity Website unconfirmed Now at pumaweb-fieci.fr

Seed Series A Series B Female-led Social Good Us Military Veteran

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 35 on record

Since the last cheque **1944** days **00** hrs **00** min **00** sec

Median round **$31M** Rounds led **1 of 35** Sole investor **18 rounds** Exits **5 from the portfolio** Mostly in **France, 74%**

Pitch Ardian

## Ardian highlights

- 01 35 rounds on record
- 02 Mostly Venture and Series B: 59% of its rounds
- 03 Sole investor in 18 rounds, median $3.8M
- 04 5 exits from the portfolio

## What they do

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** From $2.0M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Female-led Social Good Us Military Veteran
- **Based in:** Paris, France
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=ardian).

## The record

Every round we can evidence, newest first **35 appearances**

- **2021** 1 round
- **Jun** **[Translated](https://millionrounds.com/company/translated)** Growth · IT · Pi Campus **$30M** *Led*
- **2019** 2 rounds
- **May** **[Ivalua](https://millionrounds.com/company/ivalua)** FR · FinSMEs **$60M** With 1 other
- **Jan** **[Optimind](https://millionrounds.com/company/optimind)** FR · FinSMEs **$28M** Sole investor
- **2017** 1 round
- **Apr** **[HR Path](https://millionrounds.com/company/hr-path)** FR · FinSMEs **$32M** With 2 others
- **2015** 6 rounds
- **Sept** **[CLH Group](https://millionrounds.com/company/clh-group)** ES **Undisclosed** Sole investor
- **Jun** **[Bricoprivé.com](https://millionrounds.com/company/bricoprive-com)** FR **$2.8M** Sole investor
- **Jun** **[HR Path](https://millionrounds.com/company/hr-path)** Venture · FR **$5.7M** With 1 other
- **Apr** **[SERMA Group](https://millionrounds.com/company/serma-group)** FR **Undisclosed** Sole investor
- **Jan** **[Clever Age](https://millionrounds.com/company/clever-age)** FR **$2.5M** Sole investor
- **Jan** **[Saaswedo](https://millionrounds.com/company/saaswedo)** FR **Undisclosed** Sole investor
- **2012** 3 rounds
- **Aug** **[BestSecret.com](https://millionrounds.com/company/bestsecret-com)** Growth · DE **$248M** Sole investor
- **Aug** **[BestSecret.com](https://millionrounds.com/company/bestsecret-com)** Series A · DE · techcrunch.com **$248M** Sole investor
- **Jul** **[Arkadin](https://millionrounds.com/company/arkadin)** US · finsmes.com **Undisclosed** Sole investor
- **2011** 3 rounds
- **May** **[Ticket Surf International](https://millionrounds.com/company/ticket-surf-international)** FR · finsmes.com **Undisclosed** Sole investor
- **May** **[Ivalua](https://millionrounds.com/company/ivalua)** Venture · US · finsmes.com **$4.4M** Sole investor
- **Mar** **[CLH Group](https://millionrounds.com/company/clh-group)** ES · finsmes.com **Undisclosed** Sole investor
- **2010** 2 rounds
- **Sept** **[JIT Solaire](https://millionrounds.com/company/jit-solaire)** Venture · FR · finsmes.com **$3.8M** Sole investor
- **Jan** **[Glamour Sales Holding](https://millionrounds.com/company/glamour-sales-holding)** Series A · JP · finsmes.com **$13M** With 1 other
- **2009** 1 round
- **Jul** **[INDOM](https://millionrounds.com/company/indom)** FR · indom.fr **Undisclosed** Sole investor
- **2008** 4 rounds
- **Nov** **[YETI Group](https://millionrounds.com/company/yeti-group)** Series C · CN · moconews.net **$12M** With 1 other
- **Jun** **[Batiweb.com](https://millionrounds.com/company/batiweb-com)** Venture · FR · news-assurances.com **$2.3M** Sole investor
- **Feb** **[ulike](https://millionrounds.com/company/ulike)** Series A · FR · fr.techcrunch.com **Undisclosed** Sole investor
- **Feb** **[TxCell](https://millionrounds.com/company/txcell)** Series B · FR **$20M** With 4 others
- **2007** 3 rounds
- **Dec** **[Streamezzo](https://millionrounds.com/company/streamezzo)** Series C · FR · webitpr.com **$22M** With 5 others
- **Apr** **[Sparus Software](https://millionrounds.com/company/sparus-software)** Series B · FR · sparus-software.com **$4.0M** With 2 others
- **Jan** **[Brainsonic](https://millionrounds.com/company/brainsonic)** Venture · FR **Undisclosed** Sole investor
- **2006** 3 rounds
- **Dec** **[ERYtech Pharma](https://millionrounds.com/company/erytech-pharma)** Venture · FR · erytech.com **$16M** With 4 others
- **Oct** **[Cytheris](https://millionrounds.com/company/cytheris)** Series B · FR · cytheris.com **$31M** With 7 others
- **Apr** **[Streamezzo](https://millionrounds.com/company/streamezzo)** Series B · FR **$18M** With 5 others
- **2005** 1 round
- **Apr** **[Sparus Software](https://millionrounds.com/company/sparus-software)** Seed · FR **$1.4M** Sole investor
- **2004** 3 rounds
- **Oct** **[TxCell](https://millionrounds.com/company/txcell)** Series A · FR **$13M** With 4 others
- **Sept** **[Innate Pharma](https://millionrounds.com/company/innate-pharma)** Series C · FR **$18M** With 7 others
- **May** **[Pharma Omnium](https://millionrounds.com/company/pharma-omnium)** Series B · FR **$2.4M** With 4 others
- **2003** 1 round
- **Jan** **[PHS MEMS](https://millionrounds.com/company/phs-mems)** Venture **$10M** With 4 others
- **2002** 1 round
- **Jan** **[Innate Pharma](https://millionrounds.com/company/innate-pharma)** Series B · FR **$18M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **24 named**

AM **Alexandre Motte** MEMBER OF THE EXECUTIVE BOARD OF THE MANAGEMENT COMPANY i Filing they signed

AM **Alfred Miranda** Executive Board Member i Form ADV

AF **Ardian France** Management Company i Filing they signed

AI **AXA Investment Managers Private Equity Europe** Management Company i Filing they signed

AI **AXA Investment Managers Private Equity S.A.** Sponsor i Filing they signed

AJ **Aymeric Jean Lepeu** Executive Board Member i Form ADV

BV **Benoit Verbrugghe** MEMBER OF THE EXECUTIVE BOARD OF THE MANAGEMENT COMPANY i Filing they signed

BS **Bruce Spohler** Executive Officer i Filing they signed

DG **Dominique Gaillard** MEMBER OF THE EXECUTIVE BOARD OF THE MANAGEMENT COMPANY i Filing they signed

DS **Dominique Senequier** CEO and executive board member of Management Company i Filing they signed

ET **Edward Thomas Hickes** Executive Board Member / Chief Compliance Officer i Form ADV

FN **Francois N/A Jerphagnon** MEMBER OF THE EXECUTIVE BOARD OF THE MANAGEMENT COMPANY i Filing they signed

JD **Jeremie Delecourt** MEMBER OF THE EXECUTIVE BOARD OF THE MANAGEMENT COMPANY i Filing they signed

JP **Jocelyn Pidoux** Director i Filing they signed

JC **John Christian Alldis** Director i Filing they signed

JH **Julie Harnett** Manager i Filing they signed

MN **Marion N/A Calcine** Member of the Executive Board of the Management Company i Filing they signed

MB **Mark Benedetti** Executive Board Member i Form ADV

MV **Mark Voccola** Executive Officer i Filing they signed

MN **Mathias N/A Burghardt** MEMBER OF THE EXECUTIVE BOARD OF THE MANAGEMENT COMPANY i Filing they signed

MB **Michael Bane** Executive Board Member i Form ADV

MG **Michael Gross** Executive Officer i Filing they signed

MP **Michael Patrick Ferragamo** Head of Global Compliance i Form ADV

PP **Philippe Poletti** MEMBER OF THE EXECUTIVE BOARD OF THE MANAGEMENT COMPANY i Filing they signed

We also hold **113** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.8B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Ardian US LLC
- **SEC number:** CRD 121326

Funds on its Form ADV

**9** private funds, **$1.6B** in gross assets · filed Mar 2024

- Ardian North America Fund II L.P. *Private equity* 55 investors $481M
- Ardian Americas Infrastructure Fund V L.P. *Private equity* 14 investors $409M
- MASS Ascension Co-Invest L.P. *Private equity* 1 investor $181M
- Ardian Infrastructure T Co-Invest L.P. *Private equity* 1 investor $122M
- Liberty Private Investment POOL L.P. *Private equity* 1 investor $109M
- Golden Capital Co-Investments L.P. *Private equity* 1 investor $105M
- Ardian Americas Infrastructure Fund IV L.P. *Private equity* 2 investors $87M
- Ardian Americas Crossroads L.P. *Private equity* 1 investor $54M
- ASF VIII-T Feeder-CAR L.P. *Private equity* 13 investors $39M

Funds they back

## 1 fund commitment on record

- **Managers:** 1

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Energy Capital Partners 1 fund](https://millionrounds.com/fund/energy-capital-partners)

Most recent commitments

- [Energy Capital Partners continuation vehicle](https://millionrounds.com/fund/energy-capital-partners)

## Exits from the portfolio

Companies it backed that were later bought or listed **5 in all**

**[Arkadin](https://millionrounds.com/company/arkadin)** Bought by Nippon Telegraph and Telephone Corporation **Undisclosed** Aug 2013

**[ulike](https://millionrounds.com/company/ulike)** Bought by L'express Roularta **Undisclosed** Mar 2011

**[Sparus Software](https://millionrounds.com/company/sparus-software)** Bought by Zenprise **Undisclosed** Oct 2010

**[Streamezzo](https://millionrounds.com/company/streamezzo)** Bought by [Amdocs](https://millionrounds.com/fund/amdocs-ventures) **Undisclosed** Apr 2010

**[INDOM](https://millionrounds.com/company/indom)** Bought by NetNames **Undisclosed** Jan 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**ADA Cosmetics** **Undisclosed** Jul 2014

**Italmatch Chemicals** **Undisclosed** Jun 2014

**Schleich** **Undisclosed** May 2014

**Eliokem** **Undisclosed** Oct 2006

**Camaïeu** **Undisclosed** Jan 2005

New fund on file

**$96M**

raised in Jul 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$31M** the round, not its cheque Alone, median **$3.8M**

Led 1 of 35 rounds **3%**

- **Said size:** From $2.0M
- **Sole investor:** 18 rounds
- **Last cheque:** Jun 2021
- **Exits:** 5 from the portfolio

Rounds by stage said on their site

- Venture *7*
- Series B said *6*
- Series A said *4*
- Series C *3*
- Growth said *2*
- Seed said *-*

Cheques by year Led Joined

2002 2021

Often in the room with

- [Auriga Partners](https://millionrounds.com/fund/auriga-partners) 6
- [Bioam Gestion](https://millionrounds.com/fund/bioam-gestion) 4
- [Sofinnova Partners](https://millionrounds.com/fund/sofinnova-partners) 4
- [Omnes](https://millionrounds.com/fund/omnes-capital) 3
- [Akka Venture](https://millionrounds.com/fund/akka-venture) 2
- [Crédit Agricole](https://millionrounds.com/fund/credit-agricole) 2

**Pitching Ardian?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as Ardian. A count of rooms they were both in, not a relationship either has claimed.

[**Auriga Partners** VC firm **6** rounds together](https://millionrounds.com/fund/auriga-partners)[**Bioam Gestion** VC firm **4** rounds together](https://millionrounds.com/fund/bioam-gestion)[**Sofinnova Partners** VC firm **4** rounds together](https://millionrounds.com/fund/sofinnova-partners)[**Omnes** VC firm **3** rounds together](https://millionrounds.com/fund/omnes-capital)[**Akka Venture** Private equity **2** rounds together](https://millionrounds.com/fund/akka-venture)[**Crédit Agricole** VC firm **2** rounds together](https://millionrounds.com/fund/credit-agricole)[**Gimv** Private equity **2** rounds together](https://millionrounds.com/fund/gimv)[**I-Source Gestion** VC firm **2** rounds together](https://millionrounds.com/fund/sofimac-innovation)[**Innovation Capital** Accelerator **2** rounds together](https://millionrounds.com/fund/innovation-capital)[**Qualcomm** Corporate VC **2** rounds together](https://millionrounds.com/fund/qualcomm)[**Seventure Partners** VC firm **2** rounds together](https://millionrounds.com/fund/seventure-partners)

## Recently backed

The latest companies Ardian put money into.

[**HR Path** $32M · Apr 2017](https://millionrounds.com/company/hr-path)

## Quick answers about Ardian

### What does Ardian invest in?

Ardian invests most often at Venture and Series B (59% of the rounds on record), in sectors such as Female-led, Social Good and Us Military Veteran.

### How active is Ardian?

35 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Jun 2021.

### What has Ardian invested in recently?

Its most recent investments on record: Translated (Growth, Jun 2021), Ivalua (Undisclosed round, May 2019) and Optimind (Undisclosed round, Jan 2019).

### How big are Ardian's cheques?

The median round it joins is $31M.

### Does Ardian lead rounds?

Sometimes: it led 1 of its 35 investments on record (3%).

### Where does Ardian invest?

Most of the companies it backs are in France (74%), Spain (6%) and Germany (6%).

### Is Ardian investing now?

No investments in the last 12 months; the latest was in Jun 2021.

### Who does Ardian invest alongside?

Most often Auriga Partners (6 rounds together), Bioam Gestion (4 rounds together) and Sofinnova Partners (4 rounds together).

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