AXA Investment Managers (AXA IM) is to create AXA IM PRIvate Markets Enabler (AXA IM Prime), a business unit which would host the Private Markets Fund of Fund business that the groups investment teams have built since 2013 together with AXA IM Alts.
AXA IM Prime would gather indirect alternative investment expertise such as Primary and Secondary Private Equity and Infrastructure, General Partnership (GP) minority stakes, Private debt, Fund of Hedge Fund, Fund financing and Co-investments which would complement AXA IM’s current offer. For these activities, assets under management stand at c€20 billion as at end 2021, 12 of which are already managed by AXA IM.
AXA IM Prime would be led by Pascal Christory, currently AXA Group Chief Investment Officer, who would join the AXA IM Management Board reporting to Marco Morelli, Executive Chairman. Four AXA Group investment professionals currently leading Infrastructure, Private Equity and Private Debt Investment would join AXA IM Prime as Heads of the different businesses.
Mirroring the AXA IM Alts and AXA IM Core organisations, a dedicated sales force would be created for AXA IM Prime.
AXA Group entities would be substantial cornerstone investors in all funds launched by AXA IM Prime alongside third-party capital.
The creation of this new business unit is currently being discussed with employee representatives.
