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Carlyle-owned AlpInvest brings secondaries capital to $4.2bn with $750m Fund V close

16 Oct 2013

dollars10_sqCarlyle-owned private equity fund of funds business AlpInvest Partners has brought its secondaries programme to $4.2bn thanks to the $750m hard cap final close of its fifth vehicle dedicated to the asset class.

AlpInvest Secondaries Fund V easily exceeded its $500m target thanks to 18 new investors including sovereign wealth funds, public and corporate pensions, insurance companies and foundations across the globe.

The remainder of its multibillion dollar secondaries programme consists of commitments from AlpInvest cornerstone investors APG and PGGM and managed accounts with dedicated allocations to secondaries.

AlpInvest has committed $9.1bn through 84 transactions in secondaries over the past 11 years and currently has a dedicated 22-person team based in New York, Amsterdam and Hong Kong.

Carlyle Solutions head Jacques Chappuis said, “The addition of 18 new investors and $750m in commitments to the overall ASP is a great example of our success in providing investment and liquidity solutions to clients.

“The closing of ASF V is an important step in expanding the investor base for AlpInvest, and we are excited to have the opportunity to deliver for new and existing investors.”

Late last year AltAssets reported that AlpInvest had collected almost $100m from onshore US investors for the Secondaries Fund V fund.

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