Former AIG Investments Coming To A Fundraising Market Near You
More than a year after its spin-off from AIG, the insurance giant’s investment management unit is nearing the close of its sale to Pacific Century Group, an Asia-based private investment group. Barring any issues winning regulatory approval in 32 countries and LP and client consent, the firm, called PineBridge Investments, hopes to close the deal at month’s end in January or February, CEO Win Neuger said. The firm has told me the name reflects "the company’s rich heritage and roots on Pine Street in New York’s financial district."* At that point, the firm’s private equity business will finally to hop back from the sidelines. “We went for a year when not many people wanted to talk to us,” said Neuger. But the AIG stigma has finally lifted. “The number of meetings and calls from people wanting to do business with us is back to historic levels,” he said.
