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Key Moments

  • AIG (NYSE:AIG) and CVC formed a strategic partnership focused on insurance-oriented and private markets investments.
  • Under the deal, AIG will invest up to $1.5 billion from its private equity portfolio into CVC’s secondaries evergreen platform.
  • Additionally, AIG plans to allocate up to $2 billion to CVC-managed accounts and funds, with $1 billion expected to deploy by 2026.

Overview of the Strategic Partnership

American International Group (NYSE:AIG) announced a strategic partnership with CVC. The deal aims to support AIG’s long-term investment strategy. Importantly, it also leverages CVC’s expertise in insurance-focused investments and private markets innovation.

Structure of the Investment Arrangement

First, the agreement calls for the creation of large-scale separately managed accounts tied to CVC’s credit strategies. Second, the partnership includes the launch of CVC’s private equity secondaries evergreen platform. This platform serves as the core component of the deal.

ComponentDescriptionPlanned AIG CommitmentTiming Details
Private equity secondaries evergreen platformAIG acts as a cornerstone investor using capital from its existing private equity portfolio.Up to $1.5 billionNot specified beyond platform launch
Separately managed accounts and CVC-managed fundsLarge-scale accounts across CVC’s credit strategies and related funds.Up to $2 billionInitial $1 billion to be deployed through 2026
Total potential investmentUp to $3.5 billion across the above initiatives

AIG’s Role and Capital Deployment Plans

In the partnership, AIG will act as a cornerstone investor in CVC’s private equity secondaries evergreen platform. It will commit up to $1.5 billion from its existing private equity holdings.

Meanwhile, AIG will also direct up to $2 billion into accounts and funds managed by CVC. In this case, the company expects to invest an initial $1 billion by 2026. Overall, the total commitment could reach $3.5 billion.

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