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AXA buys Citi’s $1.7bn private equity portfolio

08 June 2011

This deal represents one of the largest ever secondary private equity transactions

Read more: AXA Private Equity Citigroup secondary private equity transactions

AXA Private Equity has signed a Sale and Purchase Agreement with Citigroup for the acquisition of a $1.7 billion portfolio of limited partnership interests in private equity buyout funds and a portfolio of direct stakes in companies.

This deal represents one of the largest ever secondary private equity transactions.The portfolio sold by Citi Holdings comprises 207 limited partnership interests in mostly buyout and a number...