FOREWORD “The world in which Although Ardian has experienced extraordinary we operate has growth since 1996, we remain at heart cautious and patient investors. The same purpose guides all our changed enormously endeavours: At Ardian, we invest all of ourselves in building companies that last. This applies as much and our continued to the careful, deliberate way we have expanded success is rooted in Ardian as to the diligence with which we manage our investors’ money. our ability to adapt The world in which we operate has changed while staying true to enormously and our continued success is rooted in our ability to adapt while staying true to our values. our values.” More than a quarter-century since the inception of the company, we continue to prosper along with our clients because of the strong, trusting relationships we have formed with them, and our A rdian is a leading global investment housedetermination to put all our resources at their that bases its success on building long-disposal to help them achieve their goals. In recent term relationships with clients, partnersyears we have used our scale and broad investment and management teams to create enduring financialexpertise to create Ardian Customized Solutions, value alongside positive environmental and socialwhich builds bespoke portfolios matching each impact. Founded as a single French buyout fund ininvestor’s needs, and Private Wealth Solutions, 1996, we are still shaped by our European heritagewhich gives private clients access to opportunities and our fundamental values of excellence, loyaltypreviously reserved for institutions. and entrepreneurship. As investors, we draw enormous strength from our Ardian’s story is one of continuous evolution andlong-term commitment to make sustainability the international expansion. We have steadily extendedkey to the way we operate. And as a community of our range of investment activities to offer investorsprofessionals, we know that our drive to become broad access to opportunities in Private Equity,a more inclusive and diverse organization will also Real Assets and Credit. Since 1999, we have beenmake us more successful than ever. expanding our international presence, first to London and New York and then adding local teamsWe set out on this journey with an ambitious vision in European financial centres including Frankfurt,of the impact that finance can have. Our ambition Zurich, Milan and Madrid. Furthermore, we havetoday is greater than ever. rapidly increased our presence in the Americas and have also built a strong Asian network, with officesDOMINIQUE SENEQUIER in Beijing, Seoul, Singapore and Tokyo. President of Ardian