AIG closes $410 million Asian private equity fund

The second incarnation of the AIG Asian Opportunity Fund has closed with commitments of $410 million. This expansion stage private equity fund has sourced investors globally, across the gamut of insurance companies, pension funds and family offices. The new fund is looking for deals in the growth capital area of Asian private equity. It will charge management and performance fees of 2% and 20% respectively and projects internal rates of return of at least 25%. AIGÆs Asia private-equit…