atans1

“Hank” makes LKY, Li Ka-shing and Warren Buffett look like wimps

In Private Equity on 29/05/2012 at 5:10 am
Maurice “Hank” Greenberg, the 87- year-old former head of American International Group Inc., plans to seek investors to help him fund private-equity deals lasting a decade or more. Starr Principal Holdings LLC, said it plans to raise money from institutional investors such as sovereign-wealth funds and ultra-high-net-worth family offices, without specifying how much.
 
 
He held a 12% stake in AIG valued at about US$21 billion as of March 2006. Sold most of his AIG shares for “peanuts” after the US government took an 8o% stake in AIG during the 2008 financial crisis.
 
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