Overview
We are a subsidiary of Ardian Group and have been in business since 1999. Ardian US serves as
investment adviser to several privately offered funds that are sponsored by Ardian and marketed
primarily to institutional investors and high net worth individuals. The funds are exempt from registration
under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not
registered under the Securities Act of 1933, as amended (the “Securities Act”). The funds are closed end
and generally have a term of 10-15 years. We have been appointed investment manager of some of these
funds, and the duration of our appointments lasts for the duration of the funds. For others, we serve as
an adviser or sub adviser to the fund’s general partner or an Ardian affiliated investment adviser.
The investment advice we provide is based on specific investment objectives and criteria set forth in the
respective fund’s offering documents, limited partnership agreements, and management or advisory
agreements. We do not vary our advice from the terms of the funds we advise or manage. In addition,
from time to time, we also provide investment advice for a fee to separately managed accounts (referred
to herein, with the funds, as the “clients”).
We specialize in providing investment advice to pooled investment vehicles. When managing pooled
investment vehicles, we may be assisted by affiliated entities and certain of their advisory personnel but
are generally responsible for the day-to-day management of the fund, the identification of investment
opportunities for the fund and the acquisition, management, and disposition of fund investments.
We also provide investment advice to other subsidiaries of Ardian domiciled outside the United States, in
connection with their management of offshore funds and funds of funds, including research and
assistance in identifying, evaluating, acquiring and monitoring private fund investments.
We serve as the sole or primary investment manager for the following funds:
Ardian North America Fund II L.P.
Ardian North America Fund II L.P. (“ANAF II”) was formed in 2016. ANAF II is designed to make
control investments
in North American middle market businesses.
Ardian Americas Infrastructure Fund IV L.P.
Ardian Americas Infrastructure Fund IV L.P. (“AAIF IV”) was formed in 2018. AAIF IV is designed to
invest in or acquire entities in infrastructure businesses in the US and other American OECD countries.
Ardian Infrastructure T Co-Invest L.P.
Ardian Americas Infrastructure Fund IV T Co-Invest L.P. (“AAIF IV T Co-Invest”) was formed in 2018.
AAIF IV T Co-Invest changed its name to Ardian Infrastructure T Co-Invest LP in 2020. Ardian
Infrastructure T Co-Invest LP is designed to invest side by side with Ardian Americas Infrastructure Fund
IV, any potential successor funds to AAIF IV, and any other relevant Ardian funds.
Liberty Private Investments Pool L.P.
Liberty Private Investments Pool L.P. (“LPIP”) was formed in 2019. LPIP was formed to manage a pre-
existing portfolio of assets and does not actively evaluate or acquire new assets.
ASF VIII-T Feeder-Car L.P.
ASF VIII-T Feeder-Car L.P. was formed in 2020. ASF VIII-T Feeder-Car L.P. is a feeder vehicle for
ASF VIII LP, managed by Ardian UK, and related co-investments.
Mass Ascension L.P.
Mass Ascension L.P. (“Mass Ascension”) was formed in 2020. Mass Ascension is designed to invest side
by side with Ardian Americas Infrastructure Fund IV and other Ardian funds.
Ardian Americas Infrastructure Fund V L.P.
Ardian Americas Infrastructure Fund V L.P. (“AAIF V LP”) was formed in 2021. AAIF V is designed to
invest in or acquire entities in infrastructure businesses in the US and other American OECD countries.
Ardian Americas Crossroads L.P.
Ardian Americas Crossroads L.P. (“Crossroads”) was formed in 2022. Crossroads is designed to co-
invest alongside Ardian Americas Infrastructure Fund V and/or other Ardian funds.
Golden Capital Co-Investments L.P.
Golden Capital Co-Investments L.P. (“Golden Capital) was formed in 2022. Golden Capital is designed
to co-invest alongside Ardian Co-Investment Fund VI and/or other Ardian funds.
As of December 31, 2023, Ardian US LLC has regulatory assets under management on a discretionary
basis of $1,611,017,732 and as adviser, sub-adviser, or delegated manager of $63,521,017,437.