Private Equity

New Ardian debt fund sees insurers become lenders

Paris-based private investment company raises €2 billion from insurers and pension funds looking for yield

Ardian, a Paris-based private investment company, has raised €2 billion from insurers and pension funds to lend to European companies.

The so-called private debt fund will make loans of between €40 million and €300 million to companies owned by private equity firms. Institutional investors such as those backing the Ardian fund are increasingly seeking new ways to make money at a time of low interest rates.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It