Baker & McKenzie has advised AXA Private Equity on its acquisition from the private equity arm of Ontario Municipal Employees Retirement System (OMERS) of a portfolio of 11 private equity fund investments and the related unfunded commitments.
The portfolio represents a total size of approximately USD850m in original commitments, in predominantly North American and global buyout funds.
AXA Private Equity has assets of USD28bn managed or advised in Europe, North America and Asia.
Baker & McKenzie partner Bruno Bertrand, who led on the deal, says: "This is a major secondary transaction in the North American market. It’s a pleasure to advise AXA Private Equity on the continued growth of their funds of funds transactions."
OMERS is one of Canada’s largest pension funds, with over USD55bn in net assets. Torys advised OMERS.
