05.19.2022

AXA IM to Create Private Markets Fund of Fund Business

05.19.2022
AXA IM to Create Private Markets Fund of Fund Business

AXA Investment Managers (AXA IM) aims 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 AXA Group 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 organizations, 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.

“Our ambition is to leverage the excellent joint track record of Pascal’s team as well as the maturity it has gained over the last years and transform this into an asset management business with strong third-party capital raising objectives. This new business unit would benefit from the ESG expertise, scale, operating model and organization of AXA IM to accelerate its growth. It would complement the solid direct alternative investment offer we already provide to our clients through AXA IM Alts, for which we continue to have extensive development goals across our geographies.”, said Marco Morelli.

The creation of this new business unit is being discussed with employee representatives.

Source: AXA IM

A recent Markets Media article highlights how @tZERO is resetting its vision - focusing on partnerships, regulated infrastructure, and global scale to make tokenized capital markets a reality.

Under CEO @Alan_Konevsky, the company is leveraging regulatory momentum to enable…

Want to know who calls the shots on trading tech? We partnered with @WeAreAdaptive to interview capital markets professionals globally to uncover key trends and evolving patterns in technology deployment. Reach the report here:

Load More

Related articles

  1. Annual industry survey has chronicled a rapid evolution in electronic trading.

  2. BNP Paribas’ Securities Services business is the transfer agent.

  3. This supports the Monetary Authority of Singapore's equity market development programme.

  4. Kinexys Fund Flow addresses challenges of siloed data systems & manual reconciliations.

  5. Nearly all, 87%, of U.S ETF issuers tell Cerulli they are developing transparent active ETFs.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these

Close the CTA