AIG Buys $520M In P.E. Investments

Feb 26 2007 | 11:13am ET

AIG Global Investment Group has acquired an interest in some 28 private equity funds from French investment firm Eurazeo for US$214 million, it said today. The majority of the funds are U.S.-based, with most of the rest based in Western Europe.

“AIG Global Investment Group continues to focus on the acquisition of private equity assets on the secondary market,” Herbert Lambert, head of global secondaries at AIGIG, said.

The limited partnership commitments being taken over by AIGGIG are valued at about US$520 million, and are 91% funded.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...