Eurazeo sells portfolio

French private equity firm Euazeo has sold interests in 28 private equity funds to AIG Global Investment Group (AIGGIG) in a deal worth approximately €162m, including unfunded commitments. For that price, AIGGIG is acquiring €686m in original total limited partnership commitments, of which 69% are US-based funds, 28% Western European and 3% the rest of the world.

Philippe Audouin, member of the executive board and CFO, said: “Eurazeo has an active hands-on approach and focuses on large European private equity investments. As part of this strategy, with the sale of its fund interests, Eurazeo is finalizing the exit of non-core assets as announced previously.”