CVC and AIG Establish Strategic Partnership Across Credit SMAs and Private Equity Secondaries

CVC and AIG Establish Strategic Partnership Across Credit SMAs and Private Equity Secondaries

(IN BRIEF) CVC has formed a strategic partnership with AIG to support AIG’s long-term investment strategy through customized solutions across credit and private markets. The collaboration includes the creation of large-scale credit-focused separately managed accounts, with up to $2 billion allocated, and the launch of CVC’s private equity secondaries evergreen platform, seeded by up to $1.5 billion from AIG as a cornerstone investor. By combining CVC’s integrated investment platforms with AIG’s scale, the partnership enables efficient portfolio management, access to diversified strategies, and a long-term framework for collaboration across global insurance and private market investments.

(PRESS RELEASE) LUXEMBOURG, 19-Jan-2026 — /EuropaWire/ — CVC has entered into a strategic partnership with American International Group, Inc. (NYSE: AIG) aimed at supporting AIG’s long-term investment objectives while leveraging CVC’s capabilities across insurance-focused solutions and private markets innovation. The partnership brings together two global institutions with a shared ambition to build a long-term relationship centered on scale, alignment, and bespoke investment solutions for institutional and private wealth investors.

At the core of the collaboration is the establishment of large-scale separately managed accounts across CVC’s credit strategies, alongside the launch of CVC’s private equity secondaries evergreen platform, with AIG acting as a cornerstone investor. These initiatives are designed to provide immediate scale, efficient portfolio management, and a flexible framework for future areas of collaboration between the two firms.

Under the private equity component of the partnership, CVC will launch its private equity secondaries evergreen platform with up to $1.5 billion committed by AIG from its existing private equity portfolio. This cornerstone investment provides a seeded portfolio and immediate scale for the strategy, while enabling AIG to efficiently manage and transition legacy private equity exposures within an evergreen structure.

In parallel, AIG plans to allocate up to $2 billion to separately managed accounts and funds managed by CVC, with an initial $1 billion expected to be deployed through 2026. These SMAs will provide tailored access to diversified private and liquid credit strategies designed to align with AIG’s regulatory, capital efficiency, and investment return objectives. The mandate underscores CVC’s ability to design and manage large, customized investment solutions for global insurance institutions, supported by its integrated credit platform and extensive origination capabilities across Europe and the United States.

Rob Lucas, Chief Executive Officer of CVC, highlighted that the partnership reflects strong confidence in CVC’s ability to meet the evolving needs of global insurance institutions at scale, noting that the credit SMAs demonstrate the depth of CVC’s platform while the secondaries investment establishes a compelling foundation for its evergreen private equity strategy.

Peter Zaffino, Chairman and Chief Executive Officer of AIG, described the partnership as a significant milestone for AIG, marking its first collaboration with a European-headquartered asset manager. He emphasized CVC’s global investment capabilities across credit and private markets and noted that the partnership supports AIG’s strategy of actively managing its investment portfolio while accessing differentiated opportunities through best-in-class partners.

Media Contact:

Patrick Humphris
Managing Director, Head of Corporate Affairs
CVC
Tel: +44 204 576 9526
phumphris@cvc.com

SOURCE: CVC Capital Partners