Natixis Global forms private equity division

The six managers - which have combined assets under management (AUM) of EUR5.2 billion ($6.9 billion) - include: Asian private equity fund-of-funds Eagle Asia Partners; US co-investment fund manager Caspian Private Equity; secondaries advisory Euro-PE; French growth capital and buyout shop Alliance Entreprendre; and Europe-focused VC Seventure Partners.

According to a statement, NGAM set up the PE division to bring together its investment solutions - including tailored investment and advisory mandates - on a global basis. All six firms will retain their autonomy and have complete management independence - in line Natixis' multi-affiliate structure.

NGAM's Asia affiliate Eagle Asia, was set up in 2007 and is based in Singapore. The firm has $200 million in AUM has make investments across Asia, including Greater China, India, Japan, Korea, Southeast Asia and Australia. The firm is currently managing its first Asian private equity fund of funds, Eagle NPE Asia Fund I, which was set up in July 2008.

"As our private equity capabilities have experienced strong growth over recent years, we have taken the opportunity to apply our multi-affiliate model to this highly specialized investment discipline," said Pierre Servant, CEO of NGAM. "This allows us to bring together the expertise and experience of a wide range of investment companies under one umbrella, positioning us to compete more effectively in this growing market."

Headquartered in Paris and Boston, Natixis has assets under management totaling EUR652.9 billion as of 31 March 2014.

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