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.

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