AIG partners with CVC
AIG and CVC have announced a strategic partnership focused on supporting AIG’s long-term investment objectives across private markets and credit.
The partnership includes the launch of CVC’s private equity secondaries evergreen platform, with AIG acting as a cornerstone investor and committing up to $1.5 billion from its existing private equity portfolio. The structure is intended to give the platform immediate scale while allowing AIG to actively manage and transition legacy private equity exposures.
In parallel, AIG plans to allocate up to $2 billion to separately managed accounts (SMAs) and funds across CVC’s credit strategies, with an initial $1 billion expected to be deployed through 2026. The SMAs will provide AIG with tailored exposure to private and liquid credit strategies aligned with regulatory, capital efficiency, and return objectives.
“Our partnership with AIG is a powerful endorsement of CVC’s ability to serve the evolving needs of global insurance institutions at scale. The SMA component demonstrates the depth of our credit platform and our capability to deliver bespoke, capital-efficient solutions for insurers worldwide. At the same time, the secondaries transaction provides a compelling foundation for our private equity evergreen secondaries vehicle, following on from the launch of our credit evergreen and private equity products last year.” – Rob Lucas, CEO of CVC.
“CVC is a highly respected, world-class global investment manager with deep capabilities across credit and private markets. This partnership marks our first collaboration with a European headquartered asset manager and supports AIG’s strategy of actively managing our investment portfolio while working with best-in-class partners to access differentiated opportunities. We look forward to leveraging CVC’s investment expertise and to the long-term value we will create through our strategic partnership.” – Peter Zaffino, Chairman & CEO of AIG.
The companies said they expect to explore additional areas of collaboration over time as part of a longer-term relationship.
