French private-equity investment firm Ardian has expanded into Canada with the opening of an office in Montreal.

The Canadian launch gives Paris-based Ardian three North American offices, with the others in New York and San Francisco. Canada accounts for $9.3 billion of Ardian’s US$156 billion of assets under management, including many commercial properties.

The Montreal team will also leverage Ardian’s wider platform for its Canadian clients, said the company in a news release.

Ardian sees continued investor demand in Canada, particularly from limited partnerships looking to diversify their holdings into key investing strategies including secondaries, primaries, infrastructure, co-investments, and private credit. Additionally, Ardian sees growing appetite from Canadian limited parnter LPs and GPs seeking to take advantage of liquidity offered by the secondary market.

“This latest expansion is a testament to the historic importance of the Canadian market for Ardian,” said Domique Senequier, Ardian’s founder and CEO. “Our firm began activities in the province of Quebec back in 1997, and through the years, we have nurtured relationships with over 50 regional clients.”