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Swiss-listed AIG PE's holdings fall in value - WSJ

Sun Apr 5, 2009 11:56pm EDT

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NEW YORK, April 5 (Reuters) - AIG Private Equity Ltd. (APEN.S), run by executives from American International Group's (AIG.N) asset-management business, has seen the value of its holdings fall 46 percent, the Wall Street Journal reported, citing the firm's latest quarterly report.

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AIG Private Equity owns stakes in funds run by private-equity firms such as Blackstone Group LP (BX.N), Carlyle Group LLC and CVC Capital Partners Ltd, the paper said.

AIG Private equity is a Swiss investment company founded in 1999 by AIG's private Swiss bank as a way of tapping into demand for capital by private-equity funds, the paper said. It is a separate business to AIG and operates as a fund-of-funds firm.

The paper said AIG declined comment. (Editing by Anshuman Daga)

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