Ardian Access SICAV-RAIF

Ardian Access SICAV-RAIF is an open-end SICAV launched by Ardian in 2025 and domiciled in Luxembourg, where it operates under the RAIF regime rather than as an ELTIF, giving it a Non-ELTIF classification and a pan-European distribution scope aimed at professional investors. The vehicle is denominated in EUR and pursues a secondaries approach within private equity, acquiring existing fund and company stakes rather than building exposure through primary commitments, which shapes how capital is deployed and how the portfolio matures from the first day of an investor's holding period.

Access mechanics follow the evergreen model: subscriptions are accepted on a monthly basis at a minimum of 25,000 EUR, while liquidity is offered quarterly and is subject to a soft lock-up applied from each subscription, after which redemptions are met within the limits set at the fund level. Fees are structured around a management charge and a performance component, and reported assets stand at , which positions the fund relative to the other vehicles tracked in the same category.

Within the Novantigo universe of 494 funds as of 31 Aug 2026, it is one of 163 private equity vehicles, one of 347 domiciled in Luxembourg, and one of 117 that combine both. Its underlying exposure, including a regional breakdown, can be compared against that peer set to assess how the secondaries mandate differs from the direct and primary strategies that make up much of the same cohort.