AIG Global Investment Group (AIGGIG) today announced the final closing of AIG Private Equity Fund IV ("PEP IV") with total capital commitments of $637.25 million from investors around the world, exceeding the Fund's initial target close of $400 million.
To date, PEP IV has committed to 37 underlying funds and secondary transactions, and has made 14 co-investments.
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AIG Global Investment Group
FIRMS
AIG Global Investment Group (AIGGIG) is a worldwide leader in asset management, with extensive capabilities in equity, fixed income, multi-manager hedge funds, private equity, and real estate. AIGGIG manages more than US $635 billion in assets, and employs over 1,800 professionals in 44 offices around the world as of September 30, 2006. Total assets under management include approximately US $540 billion of AIG affiliated assets. AIGGIG comprises a group of international companies which provide investment advice and market asset management products and services to clients around the world. The member companies of AIGGIG are subsidiaries of American International Group, Inc. (NYSE: AIG)
NOTE
The fund is run by Mr. Steven Costabile, CFA, Managing Director and head of AIGGIG's Private Equity Funds Group.
PEP IV is structured to deliver a flexible approach to private equity fund of funds investing. Investors can select a core allocation to achieve broad portfolio diversification, or a customized allocation based on geography, strategy and investment type. To date, PEP IV has committed to 37 underlying funds and secondary transactions, and has made 14 co-investments.
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