AXA Private Equity closes fourth buyout vehicle

French buyout firm AXA Private Equity, which has seen its assets under management double to €14.2bn over two years, has concluded fundraising for its fourth buyout vehicle with €1.6bn ($2.5bn) in commitments.

The firm has already invested more than 25% of AXA LBO Fund IV, acquiring animal feed producer Diana Ingredients, chemicals group Unipex, and German games arcade manager Löwenplay.

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