Private Equity Fund-of-Funds Overview

AIG Investments has committed $12.5 billion to more than 530 funds on the primary and secondary market since the 1980s. During this period, we developed the AIG Investments private equity primary fund-of-funds program to give institutional investors and high net worth individuals an opportunity to invest alongside AIG companies. 

To date, the private equity fund-of-funds program has raised more than US $1.4 billion in commitments, most of which has already been called. As such, the program represents an important aspect of our Investor to Investor commitment to our clients.

Our fund investments span developed and emerging markets.  Regions include:

• North America
• Europe
• Asia and the Pacific

Our strategies include:

AIG Investments Fund-of-Funds Benefits

• Experienced AIG Investments Team
  Our deal professionals across the globe optimize manager selection and strategy allocations within the complex private equity environment, allowing you to benefit from both their expertise and insights.
  
• Capital-Efficient Structure Due to Warehouse Capability
  • AIG companies commit significant capital prior to first close, potentially resulting in lower management fees, versus blind pool funds.
  • This warehouse capability also offers the transparency of a working portfolio with a significant portion already committed, creating lower execution risk.
    
• Diversified Exposure
  • Geographies (North America, Europe, Asia and the Pacific)
  • Strategies (large market buyouts, small-mid market buyouts, venture, growth equity, mezzanine, distressed)
  • Investment Types (primary funds, co-investments, secondaries)
    
• Investor to Investor Alignment
  AIG companies invest in the private equity fund-of-funds program as a limited partner, on the same terms and conditions as other investors. They also invest a substantial amount of capital in each underlying investment apart from the program, which can mean more favorable terms for private equity fund-of-funds program investors. This benefit further supports our alignment of interests. 
  
  
  

AIG Private Equity Portfolio, L.P. Closed in December 2000 with US $250 million in capital commitments. Fully committed with: Approximately 80% committed in 25 investment funds Approximately 18% invested in 24 direct investments Approximately 2% committed to three secondary investments

AIG Private Equity Portfolio II, L.P. Closed in June 2002 with US $135 million in capital commitments. Fully committed with: Approximately 80% committed in 23 investment funds Approximately 17% invested in 15 direct investments Approximately 3% committed to three secondary investments

AIG Private Equity Portfolio III Program Closed in November 2004 with US $239 million in capital commitments. Fully committed with: US $212 million to 27 investment funds Approximately US $15 million in three direct investments and two secondary investments totaling US $7 million.

AIG Private Equity Portfolio IV Program Closed in November 2006 with more than US $637 million in capital commitments Fully committed with: 37 commitments to underlying funds and secondary transactions 14 commitments to co-investments