Alts investor latest GCC player to acquire direct ownership in established private markets specialist. Wafra , an alternatives investments house owned by Kuwait 's PIFSS public pension fund, has announced a strategic minority investment in French private markets giant Ardian . Overseeing ca. $28 billion in assets and registered in New York, Wafra has eyed greater exposure to both secondaries and real assets, and identified Ardian as an "ideal strategic partner". Terms of the