American International Group, Inc. (AIG), The Blackstone Group L. P. and Kissinger Associates Inc. announced the establishment of a new venture to provide financial advisory services to corporations seeking high-level independent strategic advice.
Kissinger Associates, chaired by former U.S. Secretary of State Henry Kissinger, is an advisor to CEOs and senior executives of numerous global corporations.
AIG is a leading international insurance and financial services organization. It also sponsors private equity funds in many parts of the world, particularly in Asia.
The Blackstone Group, in addition to sponsoring private equity, real estate, liquid alternative asset, and mezzanine funds, handles cross-border mergers and acquisitions. The company also advises on M&A and restructuring assignments.
The venture will operate globally and will take advantage of the existing relationships between the partners:
- AIG has an ownership interest in Blackstone and is an investor in several of Blackstone’s private equity funds;
- AIG and Blackstone have a joint venture, specializing in restructuring and M&A advisory services in selected Asian countries;
- Henry Kissinger chairs both AIG’s International Advisory Board and the advisory boards of several AIG-sponsored Infrastructure Funds.
The AIG-Blackstone-Kissinger Associates venture recently completed its first advisory assignment on behalf of a New York Stock Exchange listed U.S. company.
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