French private equity firm Ardian has insisted there are “unprecedented opportunities for high quality secondary deal flow”, as the firm continues to raise its latest secondaries fund.

Ardian, the firm formerly known as Axa Private Equity, has deployed $4.3 billion in secondary private equity fund interests and carried out 21 secondary transactions since September 2012, the firm said in a statement. Secondaries funds typically buy and sell stakes in private equity funds.