Axa Private Equity flexes its muscles

New Singapore office allocates $550 million for investment in a portfolio of Asian private equity deals.
Axa Private Equity in Singapore has rolled out its first deal, almost seven months after opening for business in August 2005. The group has announced that it has allocated $550 million to its first Asia-oriented fund.

It already has six commitments to invest $90 million in Australia, China and India. For new deals, it will be focusing on those countries and in other mature locations, such as Japan and South Korea.

ôThe Asian private-equity market is now mature enough for institutional investors like us,ö says Christophe Florin, managing director of Axa Private Equity Asia.

The two main partners in the fund are the Axa Group itself and Caisse de Depot et Placement du Quebec, which...
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