AGF Capital Investissement was created as a support to vehicle for French Insurance contracts to invest in fund of funds. The commitments were paid up front upon subscription (low minimum subscription amount). This fund was raised through AGF’s insurance network, and was also subscribed by other insurance companies for their investments in private equity for the same type of insurance policies. Because of its simplified structure, this fund of fund was also marketed by some private banks for retail accounts. The fund is committed to primary funds in Europe and the US. The breakdown by segment is 44% venture capital, 23% LBO and 33% diversified funds.

AGF Capital Investissement 2 was the successor fund to AGF Capital Investissement. In 2002, AGF Private Equity modified the terms of this fund to make it fiscally more attractive to the private banking sector and prolonged the subscription period. The fund still has a simplified structure, with low minimum subscription price and upfront payment with no further capital calls. AGF Capital Investissement 2 has the same investment focus as AGF Private Equity Holding, but do to its fiscal status, it has a higher allocation to French funds. It is committed to primary funds in Europe and the US. The breakdown by segment is 52% LBO, 26% Venture Capital and 22% generalist funds.

The strategy is to invest its global commitments as follows: minimum of 60% of its global commitments in primary fund investments, up to 20% in secondary fund transactions and up to 20% in co-investments. In terms of stage of investment, the objective is to obtain the following mix: minimum 50% buy-out, maximum 30% venture capital and maximum 20% diversified funds.

The strategy is to invest its global commitments as follows: minimum of 60% of its global commitments in primary fund investments, up to 40% in secondary fund transactions and in co-investments. In accordance with the Advisory Committee of the fund, this limit of 40% could be increased. In terms of stage of investments, the objective is to focus on mid-market buy-out qith a diversification in large buy-out, venture capital and expansion capital.

The strategy is to invest its global commitments in primary fund investments with a focus on venture capital, development capital and small buy-out. The fund managers for most of underlying funds are based in France.

The strategy is to invest its global commitments as follows: minimum of 60% of its global commitments in primary fund investments, up to 40% in secondary fund transactions and in co-investments. In accordance with the Advisory Committee of the fund, this limit of 40% could be increased. The composite is dedicated to European buy-out with an emphasis in mid-market buy-out, a diversification in venture capital can only be done through secondary operations.