Ardian Access LLC
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
                             
Investments    Geographic Region (g)     First Acquisition date     Cost     Fair Value    % of Net Assets      Footnotes 
PRIVATE FUNDS - 70.2%                          
DIRECT CO-INVESTMENTS - 12.4%                          
Andera Midcap Continuation Fund 1 S.L.P.   Europe   12/15/2025    $ 11,328,238    $ 10,932,118   0.9%     a,d,e
Carlyle Runway Coinvestment, L.P.   North America   5/11/2026                    12,598,394                      12,506,400       1.1     a,d,e
EQT X Co-Investment (K) SCSp   Europe   7/1/2025                      9,950,007                      10,959,351      0.9     a,d
GGCVII OZ Blocker, Inc.   North America   10/1/2025                    14,812,758                      19,062,460       1.6     a,d
Latour Gutor Continuation Fund FPCI   Europe   1/16/2026                      5,093,963                        4,860,034       0.4     a,d,e
Nautic Opportunities 2025 I, L.P.     North America   8/25/2025                      5,472,652                        6,076,154       0.5     a,d,e
Nutrition Supplements Collective S.C.A   Europe   8/26/2025                      5,630,783                        5,971,947       0.5     a,d
Onex Iris Co-Invest LP   North America   11/19/2025                    13,423,584                      13,385,407       1.2     a,d
PAI Strategic Partnerships II SCSp   Europe   9/23/2025                      3,700,562                        3,460,216       0.3     a,d,e
Providence Equity Partners IX-C L.P.   North America   7/30/2025                    10,728,354                      10,649,221       0.9     a,d,e
Reverence Capital Partners Olympus CV LP   North America   4/24/2026                    15,059,901                      14,943,000        1.3     a,d,e
TPG Atlas Partners, L.P.    North America   9/1/2025                      7,467,718                        7,650,939       0.7     a,d,e
WP Vamos Co-Investment Vehicle, L.P.    North America   9/26/2025                    18,854,487                      23,662,647       2.1     a,d
TOTAL DIRECT CO-INVESTMENTS            $ 134,121,401    $ 144,119,894   12.4%      
                             
PRIMARY INVESTMENTS - 0.2%                          
BC European Capital XII   Europe   1/9/2026    $ -    $ 86,609   0.0%     a,d,e,f
Cinven Strategic Fund 2 (No.1) Limited Partnership   Europe   11/17/2025                                    -                            (72,827)   (0.0)     a,d,e,h,i
Golden Gate Capital Fund VII-A, L.P.   North America   7/18/2025                      3,306,111                        2,596,140     0.2     a,d,e
TowerBrook Investors VII (Offshore), I.L.P.   North America   12/23/2025                           48,465                            (10,377)   (0.0)     a,d,e,h,i
TOTAL PRIMARY INVESTMENTS             $ 3,354,576    $ 2,599,545   0.2%      
                             
SECONDARY INVESTMENTS - 57.6%                          
A9 USD Feeder LP   North America   3/31/2026    $ 5,174,021    $ 6,719,556   0.6%     a,d,e
Advent International GPE X-D SCSp   North America   2/5/2026                             8,623                                       -        0.0     a,d,e,f
Advent Intl GPE X-D SCSp    North America   9/30/2025                      3,627,257                        3,966,762        0.3     a,d,e
Altor Fund IV (No. 2) AB   Europe   6/30/2025                      6,806,987                        7,873,846        0.7     a,d,e
Altor Fund V (No. 1) AB    Europe   6/30/2025                         174,561                           253,895        0.0     a,c,e,f
Altor Fund V (No. 2) AB    Europe   6/30/2025                      1,531,545                        2,285,397        0.2     a,d,e
APAX IX USD LP   North America   3/31/2026                         939,633                           712,111        0.1     a,d,e
Apollo Overseas Partners (Delaware) IX, L.P.    North America   9/30/2025                      9,165,880                      11,785,036        1.0     a,d,e
Apollo Overseas Partners X, L.P.    North America   9/30/2025                      1,099,108                        1,229,743        0.1     a,d,e
Bain Capital Europe Fund V, SCSp   Europe   3/31/2026                      7,385,604                        8,031,104        0.7     a,d,e
BC European Capital IX   Europe   12/31/2025                      1,223,994                        1,276,245        0.1     a,d,e
BC European Capital X   Europe   12/31/2025                      2,104,956                        2,490,217        0.2     a,d,e
BC European Capital XI   Europe   12/31/2025                    11,486,982                      13,816,168        1.2     a,d,e
BE VI 'E' LP   Europe   9/30/2025                      9,328,411                      11,130,522        1.0     a,d,e
Berkshire Fund IX, L.P.    North America   6/30/2025                         153,748                           189,226        0.0     a,c,e,f
Berkshire Fund IX-A, L.P.    North America   6/30/2025                    15,213,616                      18,724,354        1.6     a,d,e
Blackstone Capital Partners VIII L.P.    North America   9/30/2025                    31,736,988                      28,024,427        2.4     a,d,e
Blackstone Core Equity Partners - P L.P.   North America   3/31/2026                    15,437,402                      15,292,360        1.3     a,d,e
Carlyle Partners VII, L.P.    North America   9/30/2025                    61,473,654                      50,374,994        4.4     a,d,e
Carlyle Partners VIII, L.P.   North America   12/31/2025                    18,530,620                      19,033,791        1.6     a,d,e
Clayton, Dubillier & Rice Fund XI, L.P.    North America   9/30/2025                    10,506,606                      13,600,141        1.2     a,c,d,e
Court Square Capital Partners (Blocker) V, L.P   North America   4/1/2026                         355,790                           259,469        0.0     a,d,e,f
Court Square Capital Partners IV-A, L.P.   North America   9/30/2025                    12,751,592                      16,089,626        1.4     a,d,e
CVC Capital Partners VIII(A) L.P.   Europe   12/31/2025                    14,749,790                      16,667,988        1.4     a,d,e
Francisco Partners VI, L.P.   North America   12/31/2025                      4,911,270                        5,357,394        0.5     a,c,e
Genstar Capital Partners VIII BL (EU), L.P.    North America   9/30/2025                    10,887,120                      11,074,856        1.0     a,d,e
Genstar Capital Partners IX (EU), L.P.    North America   9/30/2025                    11,094,071                      12,282,666        1.1     a,d,e
Genstar Capital Partners X, L.P.    North America   6/30/2025                      9,508,001                      11,307,501        1.0     a,c,d,e
Genstar IX Opportunities Fund I (EU), L.P.    North America   9/30/2025                      6,086,471                        7,293,110        0.6     a,d,e
Golden Gate Capital Opportunities Fund, L.P.   North America   12/31/2025                      4,765,220                        6,642,325        0.6     a,c,e
Golden Gate Capital Opportunity Fund-A, L.P.    North America   6/30/2025                    43,342,927                      58,118,508        5.0     a,d,e,j
Green Equity Investors VIII, L.P.   North America   12/31/2025                    12,407,514                      13,726,854        1.2     a,c,e
Hellman & Friedman Capital Partners VIII (Parallel), L.P.   North America   3/31/2026                    10,356,614                      15,907,611        1.4     a,d,e
Hellman & Friedman Capital Partners IX, LP   North America   12/31/2025                    10,526,407                      11,539,180        1.0     a,d,e
Hellman & Friedman Capital Partners X, LP   North America   12/31/2025                      7,831,001                        9,109,682        0.8     a,c,e
HFCP VIII (Parallel-A) Limited Partnership   North America   3/31/2026                      1,010,974                        1,552,704        0.1     a,d,e
HFCP IX (Parallel - A), L.P.    North America   9/30/2025                    23,537,945                      24,741,814        2.1     a,d,e
New Mountain Partners VI, L.P.   North America   12/31/2025                         908,125                           895,875        0.1     a,c,e
Norvestor SPV III SCSp    Europe   7/14/2025                    17,144,501                      21,866,306        1.9     a,d,e
Onex Partners V Leaf Redemption LP   North America   3/31/2026                         391,682                           391,682        0.0     a,d,f
Onex Partners V LP   North America   3/31/2026                      3,813,201                        6,793,028        0.6     a,d,e
Permira VII L.P.1   Europe   12/31/2025                    27,022,067                      29,293,955        2.5     a,d,e
Permira VII L.P. 2.SCSp    Europe   9/30/2025                    15,633,256                      12,796,703        1.1     a,d,e
Providence Equity Partners VIII L.P.    North America   6/30/2025                    13,468,474                      14,286,447        1.2     a,c,e
Providence Equity Partners VIII-A L.P.    North America   12/31/2025                      8,621,753                      15,499,331        1.3     a,d,e

 

 
 

 

Ardian Access LLC
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
June 30, 2026
                             
Investments    Geographic Region (g)     Acquisition date     Cost     Fair Value    % of Net Assets      Footnotes 
PRIVATE FUNDS - 70.2% (Continued)                          
SECONDARY INVESTMENTS - 57.6% (Continued)                          
Seventh Cinven Fund (No.1) Limited Partnership   Europe   9/30/2025    $21,983,784    $ 20,234,509        1.8%     a,d,e
Silver Lake Partners VI, L.P.   North America   3/31/2026                      7,692,034                        9,614,453        0.8     a,d,e
Sovereign Capital IV Limited Partnership    Europe   6/30/2025                      7,534,720                        4,281,828        0.4     a,d,e
Stone Point CV, L.P.   North America   10/13/2025                    50,774,701                      57,137,045        4.9     a,d,e
Thoma Bravo Fund XIII-A, L.P.    North America   9/30/2025                    16,642,095                      19,552,831        1.7     a,d,e
TowerBrook Investors IV (Onshore), L.P.   North America   6/30/2025                      3,205,268                        2,967,998        0.3     a,d,e
TowerBrook Investors IV (OS), L.P.    North America   6/30/2025                         446,632                           418,142        0.0     a,d,e,f
TowerBrook Investors V (Onshore), L.P.    North America   6/30/2025                         276,284                           265,433        0.0     a,c,e,f
TowerBrook Investors V (TE), L.P.    North America   6/30/2025                    13,529,265                      12,984,974        1.1     a,d,e
TOTAL SECONDARY INVESTMENTS            $ 606,320,745    $ 667,761,723   57.6%      
                             
TOTAL PRIVATE FUNDS            $ 743,796,722    $ 814,481,162   70.2%      
                             
SHORT TERM INVESTMENTS - 23.7%        Shares                   
MONEY MARKET FUNDS - 23.7%                          
BlackRock Liquidity Funds FedFund - Institutional Class, 3.52%   North America             80,942,891                    80,942,891                      80,942,891   7.0%     b
Fidelity Investments Money Market Government Portfolio - Institutional Class, 3.57%  North America             90,040,955                    90,040,955                      90,040,955       7.7     b
Goldman Sachs Financial Square Government Fund - Institutional Class, 3.53%    North America             53,211,699                    53,211,699                      53,211,699       4.6     b
JPMorgan US Government Money Market Fund - Institutional Class, 3.48%   North America             50,871,661                    50,871,661                      50,871,661       4.4     b
TOTAL SHORT TERM INVESTMENTS            $ 275,067,206    $ 275,067,206   23.7%      
                             
TOTAL INVESTMENTS - 93.9% (Cost - $1,018,863,928)                $ 1,089,548,368          
OTHER ASSETS IN EXCESS OF LIABILITIES - 6.1%                                  70,758,327          
NET ASSETS - 100.0%                $ 1,160,306,695          
                             
L.P. - Limited Partnership                          
(a) Investments have no redemption provisions, are issued in private placement transactions and are restricted as to resale. For investments that were acquired through multiple transactions, the acquisition date represents the initial acquisition date of the Fund’s investment in the position. Total fair value of restricted securities amounts to $814,481,162, which represents approximately 70.2% of the Fund's net assets as of June 30, 2026.
(b) Money market fund; interest rate reflects seven-day effective yield on June 30, 2026.
(c) All or a portion the investment is a holding of AA Blocker LLC, a wholly-owned subsidiary of the Fund.
(d) All or a portion the investment is a holding of AA Holdco LLC, a wholly-owned subsidiary of the Fund.
(e) Investment has been committed to but has not been fully funded.    
(f) Percentage rounds to less than 0.1%.    
(g) In the case of Private Funds, geographic region generally refers to where the general partner is headquartered and may be different from where a Private Fund invests or operates.
(h) Percentage rounds to less than (0.1)%.    
(i) No capital contributions have been made with respect to the investment. The negative fair value is attributable to expenses allocated by the underlying general partner in accordance with the governing documents.
(j) The objective of the investment is to achieve longterm capital appreciation through buyout investments in established companies.