The Abu Dhabi Investment Authority and Ardian have launched a dedicated real estate secondaries platform, expanding their existing partnership in private equity secondaries. ADIA is seeding Ardian's debut real estate secondaries business, which will initially focus on opportunities in the US and Europe. The sovereign wealth fund previously committed $4 billion to Ardian's flagship secondaries fund and $2 billion in co-investment capital.

While it remains unclear whether the platform will raise third-party capital initially, future fundraising will likely depend on performance. The real estate secondaries market has grown significantly, with transaction volumes hitting a record $20 billion in 2025. This marks Ardian's first dedicated foray into real estate secondaries, though the firm has invested selectively in the space before on an opportunistic basis.

Vladimir Colas, Ardian's co-head of secondaries, emphasized the firm's conviction in real estate secondaries as an attractive and growing market. Mohamed Al Qubaisi of ADIA highlighted Ardian's successful track record in secondaries. This is not ADIA's first investment in dedicated real estate secondaries strategies, having previously committed capital to funds managed by Aquilius Investment Partners, an Asia-focused real estate secondaries fund manager.