AXA Private Equity is planning more deals in the secondary market and will invest similar amounts in 2012, Reuters reports. The firm is raising a new fund for this market of existing private equity investments, on which it has spent $3.4 billion this year.
Earlier investments include the $1.7 billion buyout of a Citigroup portfolio and the $1.9 billion purchase of funds from Bank of America. Many banks and insurers are putting private equity assets up for sale to free up capital ahead of tougher regulations.
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