We offer broad exposure to private markets Ardian’s investment activities cover five major areas of the private markets. In Fund of Funds, we are the world leader in secondary fund transactions and a major investor in primary funds on behalf of the clients using Ardian Customized Solutions. Our Direct Funds are expanding beyond continental Europe and have completed deals in the US and the UK. We are Europe’s leading Infrastructure investor with an expanding presence in the Americas. Ardian Private Debt is one of Europe’s biggest providers of non-bank funding for LBOs, and our Real Estate team is an innovative investor in office properties across key Western European cities. 50 INVESTMENT ACTIVITIES