AXA Private Equity closes its fourth generation of Secondary Fund at US$ 2.9 billion Paris June 7, 2007

AXA Private Equity has completed the final closing of AXA Secondary Fund IV “ASF IV”, bringing its total assets under management in secondary funds to over US$ five billion thereby making AXA Private Equity one of the world’s leading players in this sector.

With US$ 2.9 billion, the new Secondary Fund has attracted major institutional investors worldwide, primarily pension funds, government agencies, financial institutions and family offices.

Based on a strategy of acquiring existing positions held by institutional investors in private equity funds, the Secondary Fund offers investors short-term liquidity in a usually long-term asset class. AXA Private Equity’s ASF IV is designed to fit the needs of liquidity in a fast increasing private equity market.

The new fund has already invested 10% of its amount through two significant deals:

• a commitment of up to €134 million in two Italian mid-market private equity funds: Sofipa Equity Fund and Sofipa Equity Fund II,
• a commitment of US$132.5 million in a US buyout firm.

About AXA Private Equity

AXA Private Equity, an AXA Investment Managers company, is a world leader in private equity investments. It offers a wide selection of funds across a full range of asset classes: Buyout, Expansion and Venture Capital, Co-Investment, Mezzanine and Funds of Funds (primary, early secondary and secondary). The firm manages and advises private equity funds with assets in excess of €11.3 billion for major international investors. With offices in Paris, Frankfurt, London, Milan, New York and Singapore, AXA Private Equity is distinguished by the expertise of its staff and its international reach.

Contact :

AXA Private Equity
Jérémie Delecourt
Tel. +33 1 44 45 60 73
jeremie.delecourt@axa-im.com