Kirkland Reps BofA In $1.9B Fund Sale To AXA Unit

Law360, New York (April 22, 2010, 1:57 PM EDT) -- Bank of America Corp. has sold a $1.9 billion private equity fund portfolio to a unit of AXA SA, a transaction the French insurance and financial services conglomerate described as among the largest secondary private equity deals ever.

AXA Private Equity — which bills itself as the leading diversified private equity firm in Europe — said Thursday that the acquisition will bolster its presence in the U.S., where it already has a strong business in secondary fund-of-funds.

AXA PE didn't disclose the terms of the deal...
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