AXA Private Equity

Transaction: Secondary Sale of Limited Partnership Interests in Private Equity Funds
Seller: Bank of America
Buyer: AXA Private Equity
Transaction size: $1.9 billion
Date announced: April 22, 2010

Greenhill served as exclusive financial advisor to AXA Private Equity, a leading European diversified private equity firm, on its $1.9 billion acquisition of a portfolio of limited partnership interests in private equity funds from Bank of America. This landmark transaction is believed to be the largest private equity secondary market sale since 2007 and highlights the size and strength of the private equity secondary market, a growing and increasingly important segment in the overall private equity market.