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Article: AIG Global Investment Group Acquires Private Equity Funds Portfolio of Eurazeo, S.A.
- Article from:
- PR Newswire
- Article date:
- February 26, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Feb. 26 /PRNewswire/ -- AIG Global Investment Group (AIGGIG) today announced it has signed a definitive agreement with Eurazeo to buy its interest in 28 private equity funds in a transaction valued at approximately US $214 million, which includes the assumption of unfunded commitments. Under the terms of the sale, AIG Global Investment Group has agreed to acquire approximately US $520 million in original total limited partnerships commitments. Of these, approximately 69 percent of the funds are based in the U.S., 28 percent are based in Western Europe, and 3 percent are based around the world. The portfolio is approximately 91 percent funded.
"AIG ...