
AlpInvest Partners and Mubadala Establish New Portfolio Senior Fund Financing Partnership
– AlpInvest Partners, a subsidiary of The Carlyle Group and Mubadala Investment Company have established a new credit co-investment partnership.
– The partnership focuses on providing portfolio senior fund financing globally.
– Builds on the longstanding relationship between Mubadala and Carlyle.
– Advances AlpInvest’s portfolio finance strategy, launched in 2018, which has executed ~$4 billion in transactions.
– Enhances AlpInvest’s ability to support private equity managers and create value in their funds.
– Extends its credit investment strategy into senior loans secured by fund portfolios.
– Complements Mubadala’s existing co-investment activities in direct lending, credit secondaries, real estate debt, infrastructure, and technology financing.
– Fabrizio Bocciardi, Head of Credit Investments at Mubadala: Emphasized the partnership’s alignment with AlpInvest’s expertise and its focus on addressing a growing market segment.
– Michael Hacker, Global Head of Portfolio Finance at AlpInvest: Highlighted the partnership as a transformative milestone for AlpInvest’s Secondaries and Portfolio Finance platform.
– The partnership has already completed its first investment. Both organizations are committed to long-term value optimization and adhering to ILPA’s guidelines for portfolio financings.