Rob Kotecki

The global insurer’s fourth fund of funds vehicle closed well in excess of both its $400m target and its $239m predecessor.

The private equity arm of AIG will buy the North American port assets from the UK’s P&O Holdings, which is selling ports to a Dubai firm. The initial deal caused a national-security row among US policymakers.

Investors often joke that it is the management fee not aviation fuel that keeps a fleet of Gulfstream IVs in the air, Rob Kotecki, associate editor of PEM, investigates.