AIG Investments (AIG) Makes A $38.6 Investment in the Advento Group
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AIG Investments (NYSE: AIG) announced a $38.6 million investment in Advento Participacoes S.A. Advento Group is a leading specialty engineering services provider in Brazil. AIG Investments will also have the ability to invest an additional R$20 million towards Advento Group's future expansion activities.
The equity investment will be funded by AIG Brazil Special Situations Fund II, L.P. ("BSSF II"). BSSF II is a private equity fund focused on direct investments primarily in Brazil, Mexico, and Colombia. In April, AIG Investments announced the Fund's closing with US $691.9 million in committed capital.
AIG Investments is a global leader in asset management with extensive capabilities in equity, fixed income, hedge, private equity, and real estate investments.
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