American International Group and CVC announced a strategic partnership “designed to support AIG‘s (AIG) long-term investment objectives in partnership with CVC’s broad capabilities in insurance solutions and private markets innovation,” the company said. Under the partnership, CVC will establish its private equity secondaries evergreen platform with AIG acting as a cornerstone investor, contributing up to $1.5 billion from AIG’s existing private equity portfolio. This will provide immediate scale and a seed portfolio for CVC’s private equity secondaries evergreen strategy and enables AIG to efficiently manage and transition its legacy private equity exposures.
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