NatWest Trustee and Depositary Services will continue its partnership with Ardian over fund depositary services in the UK and Luxembourg.
The range of funds include ASF VIII, the eighth-generation secondaries platform that recently closed on $19 billion as the largest global secondaries market vehicle.
Private investment house Ardian’s fund of funds platform currently holds $53 billion in assets under management, with exposure to over 10,000 portfolio companies through 1,600 underlying funds.
In the partnership, NatWest Trustee and Depositary Services acts as trustee for over $10 billion net asset value across Ardian’s secondaries fund of funds portfolio and private equity funds.
Luke Speakman, assistant director of NatWest Trustee and Depositary Services, commented: “Ardian continues to set the benchmark in the secondaries market. This recent record breaking fundraise is testament to the hard work and knowledge that Ardian brings to the alternatives market.”
“We are delighted to continue acting as trustee for the Ardian fund range and providing our knowledge and experience on behalf of the fund’s many investors.”
