CVC has entered into a strategic partnership with American International Group (AIG) under which the private markets firm will manage up to $2bn in insurance-focused private credit mandates, according to a report by Alternative Credit Investor.
Under the agreement, AIG plans to allocate as much as $2bn to separately managed accounts (SMAs) and funds overseen by CVC Credit, with an initial $1bn expected to be deployed through 2026.
The partnership will also see the launch of CVC’s private equity...
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