AXA Closes Fourth Secondary Fund

Jun 8 2007 | 11:35am ET

AXA Private Equity further solidified its place among the behemoth secondary private equity houses with the final closing of its AXA Secondary Fund IV at US$2.9 billion.

The new fund boasts institutional investors worldwide, primarily pension funds, government agencies, financial institutions and family offices, according to the firm. It will acquire existing positions held by institutional investors in p.e. funds offering investors an out in a usually long-term asset class.

To date, ASF IV has invested 10% of its capital in two deals: A commitment of up to €134 million (US$192.8 million) in two Italian mid-market p.e. funds and a commitment of US$132.5 million in a U.S. buyout firm.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of