Law360, New York (June 18, 2012, 4:55 PM ET) -- AXA Private Equity has raised $8 billion from investors to go after the $40 billion to $50 billion in private equity stakes it expects European banks to shed in the face of coming regulations, it said Monday.
Banks that need to raise capital and lower risk are rushing to unload stakes in private equity funds, creating a rich secondary market for buyers like AXA, the investment arm of the French insurer. The company has bought more than $6 billion in bank-owned fund stakes since 2010, and...
AXA Rakes In $8B To Buy Bank Private Equity Portfolios
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