AIG and CVC announce strategic partnership

Written by Adam Cadle

19/01/2026

AIG and CVC have announced a strategic partnership designed to support the former’s long-term investment objectives in partnership with CVC’s broad capabilities in insurance solutions and private markets innovation.

Under the partnership, CVC will establish its private equity secondaries evergreen platform with AIG acting as a cornerstone investor, contributing up to $1.5bn from AIG’s existing private equity portfolio. This will provide immediate scale and a seed portfolio for CVC’s private equity secondaries evergreen strategy and enables AIG to efficiently manage and transition its legacy private equity exposures.

In parallel, AIG intends to allocate up to $2bn to separately managed accounts (SMAs) and funds managed by CVC, with an initial $1bn to be deployed through 2026. The SMAs will provide AIG with tailored access to diversified private and liquid credit strategies aligned with its regulatory, capital efficiency and investment return objectives. The partnership underscores CVC’s ability to design and manage large, customised mandates for global insurance companies, drawing on its integrated credit platform and extensive origination capabilities across Europe and the US.

Peter Zaffino, chairman & CEO of AIG, said: “CVC is a highly respected, world-class global investment manager with deep capabilities across credit and private markets. This partnership marks our first collaboration with a European-headquartered asset manager and supports AIG’s strategy of actively managing our investment portfolio while working with best-in-class partners to access differentiated opportunities. We look forward to leveraging CVC’s investment expertise and to the long-term value we will create through our strategic partnership.”

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