July 3 Axa Private Equity, the investment arm of
French insurance group Axa, said it would buy a
portfolio of 11 private equity fund investments worth about $850
million from the private equity arm of Canadian pension fund
The portfolio consists of buyout funds including North
American and global funds, the companies said in a statement.
"This is a large and significant transaction where we have
excellent visibility on the assets, especially given that we are
an existing investor in many of the funds," Benoit Verbrugghe,
Axa Private Equity's head of North America said.
Axa bought a $740 million portfolio of private equity
holdings from Barclays last year and earlier acquired a
$1.7 billion portfolio from Citigroup.