Ardian and SMBC launch mid-cap NAV financing platform

Ardian and Sumitomo Mitsui Banking Corporation (SMBC) have launched the Direct MidCap NAV Financing platform. This partnership aims to provide tailored net asset value (NAV) financing to mid-market buyout and infrastructure funds, specifically targeting the European mid-cap market.

The collaboration leverages SMBC’s global structuring expertise and large-cap experience alongside Ardian’s proprietary data, local market access, and specialized knowledge in secondaries and primaries. Ardian, which manages approximately $200 billion in assets, has deployed nearly €4.5 billion in NAV financing since 2018.