Ardian Launches $196 Billion Evergreen Fund, Expanding Access to Infrastructure Investments

Ardian Launches $196 Billion Evergreen Fund, Expanding Access to Infrastructure Investments

By USFM•December 10, 2025

Ardian, a leading global private investment firm, has unveiled the Ardian Access Infrastructure SICAV-RAIF, an evergreen fund aimed at professional investors. This initiative enhances Ardian's infrastructure investment offerings, leveraging its extensive management experience and strategic partnerships to provide diversified access to high-quality assets.

Ardian, a global private investment firm managing $196 billion in assets across various platforms including private equity, real assets, and private credit, has officially launched the Ardian Access Infrastructure SICAV-RAIF (Ardian Access). This innovative evergreen fund, domiciled in Luxembourg, is exclusively available to professional investors and is designed to enhance access to Ardian's extensive deal flow in the infrastructure sector.

The Ardian Access fund is part of the larger Ardian Access platform, which aims to provide tailored solutions for institutional and private investors seeking to diversify their portfolios. With a dedicated infrastructure team managing over $45 billion in assets under management (AUM) and a notable secondary infrastructure platform boasting $101 billion in AUM, Ardian is positioned to offer a robust investment vehicle.

The strategic rationale behind the Ardian Access launch is to provide investors with a unique combination of direct exposure to essential infrastructure assets, as well as access to secondary market investments. This approach seeks to deliver recurring yield, potential inflation protection, and resilient returns, while also helping to mitigate J-Curve effects through a diversified portfolio. The fund aims to gain exposure to over 20 underlying infrastructure assets in the near term, which includes strategic holdings such as Heathrow Airport, the largest airport in Europe, and Verne, a sustainable data center platform.

The fund was launched in partnership with fintech platform iCapital, which will leverage its technology and servicing solutions to enhance accessibility for wealth managers and their clients. This collaboration is expected to streamline the investment process, making alternative investment opportunities more efficient and accessible.

As this fund is targeted at professional investors, it does not require the same level of regulatory scrutiny as public offerings, but it will still adhere to the regulatory frameworks governing such investment vehicles within Luxembourg. The anticipated timeline for the fund's operational rollout is expected to be swift, given the existing infrastructure and investor demand for alternative investment solutions.

Overall, the launch of Ardian Access Infrastructure is poised to create significant opportunities for shareholders and enhance the broader market landscape by providing diversified access to high-quality infrastructure investments. With Ardian's proven track record and strategic partnerships, this fund is set to attract professional investors seeking innovative ways to diversify their portfolios.