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ASF IX Infrastructure Fund

July, 25

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Secondary Funds

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Ardian Group

Fund Overview

ASF IX Infrastructure Fund was established in 2025, incorporated in Luxembourg, and is managed by the Ardian Group. Founded in 1996 by Dominique Senequier, who continues to serve as the Group’s CEO, Ardian manages approximately $180 billion in assets across 19 offices worldwide with a workforce exceeding 1,050 employees, including dedicated teams specializing in infrastructure and the secondary market. The Group’s infrastructure division, operating under the ASF (Ardian Secondary Fund) brand, was launched in the early 2000s and is recognized as one of the largest global platforms in infrastructure secondaries. The Fund is represented by Value Advanced Investments, enabling qualified Israeli investors access through a dedicated feeder vehicle.

Strategy

The Fund specializes in secondary investments within the infrastructure sector. It focuses on acquiring Limited Partner stakes (LP Stakes) in infrastructure funds alongside executing complex GP-led transactions, primary investments, and participating in direct co-investments. The Fund invests across a diversified range of infrastructure funds, emphasizing mature (brownfield) and income-generating assets, with broad diversification across development stages and sub-strategies within the infrastructure industry. The Fund concentrates on investments in existing (brownfield) projects that generate stable cash flows and typically operate under institutional agreements and long-term regulation, while maintaining geographic, sectoral, and vintage year diversification. The Fund does not engage in greenfield developments but rather invests in established assets with proven cash flow and operational partners.

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ASF IX Infrastructure Fund