Ardian moves into Latin America

The firm will use the Santiago office to grow its regional investor base and access secondaries opportunities.

Ardian has followed in the footsteps of Lexington Partners by choosing Chile as the base for its Latin American operations.

The Santiago office will house dedicated investment staff, including a secondaries deal origination team, according to a statement. It will be led by senior investor relations manager Nicolas Gazitua in coordination with New York office co-heads Mark Benedetti and Vladimir Colas.

“The Chilean office is an important step forward in our continued efforts to provide our global investor base with opportunities in high quality LatAm investments and superior returns,” said head of Ardian US and member of the executive committee Benoît Verbrugghe. “We will also use the office to source secondary deals from potential LatAm sellers.”

The office will allow Ardian to grow its Latin American investor base, which comes mainly from Chile, Colombia and Peru, the statement noted, and to tap capital from Mexican and Brazilian limited partners aiming to diversify their holdings outside the continent.

The opening brings the firm’s global office count to 14.

The Paris-headquartered investment manager already offers a number of strategies to its limited partners in the region, including secondaries, European direct buyouts, European real estate and global co-investments, according to the statement.

Lexington opened a Santiago office in 2016 in response to growing opportunities in the continent’s secondaries market. Pantheon and HarbourVest Partners have regional headquarters in Bogota while Goldman Sachs Asset Management has an office in São Paulo, according to PEI data.

Ardian is in market with ASF VIII seeking a record-equalling $12 billion for secondaries, as Secondaries Investor reported in May.