– The Carlyle Group AlpInvest raised $20 billion for its global Secondaries strategy.
– Final close of AlpInvest Secondaries Fund VIII (ASP VIII) at its $15 billion hard cap.
– Fundraising includes:
▪️$3.2 billion in co-investment commitments
▪️$2 billion for private wealth vehicles investing alongside ASP VIII
– Total represents a doubling of investable capital in Secondaries compared to the predecessor program.
– ASP VIII focuses on acquiring exposure to existing private equity assets through liquidity solutions for GPs and LPs:
▪️Acquisition of fund interests
▪️Continuation funds
▪️GP-centered solutions
– Benefits from Carlyle AlpInvest’s integrated Secondaries and Portfolio Finance platform, offering solutions across credit to equity.
– Over 325 investors participated across institutional and wealth channels, including: insurance companies, public and corporate pension funds, financial institutions, asset managers, foundations, and family offices.
– Investor base spans 50 countries across North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific.
– Chris Perriello, Partner and Global Head of Secondaries, highlighted secondaries as a core pillar of private equity and positioned ASP VIII as purpose-built for the market’s evolution.
– Ruulke Bagijn, Head of Carlyle AlpInvest, emphasized strong support from longstanding and new investors, reflecting trust in the platform.
– Michael Hacker, Partner and Global Head of Portfolio Finance, underlined the $24 billion raised across liquidity solutions, enhancing flexibility for sponsors and investors.
– Carlyle AlpInvest track record:
▪️$40 billion committed across 245 transactions in Secondaries and Portfolio Finance over 20 years
▪️Dedicated 60-person team in New York, Amsterdam, London, and Hong Kong
– Previous program (ASP VII, 2020) raised $10.2 billion, surpassing its $8 billion target.
– Carlyle AlpInvest also raised over $4 billion for Portfolio Finance strategies, including $3.2 billion for AlpInvest Strategic Portfolio Finance Fund II (ASPF II).
– Combined fundraising across Secondaries and Portfolio Finance platform now totals $24 billion.
– The Carlyle Group AlpInvest raised $20 billion for its global Secondaries strategy.
– Final close of AlpInvest Secondaries Fund VIII (ASP VIII) at its $15 billion hard cap.
– Fundraising includes:
▪️$3.2 billion in co-investment commitments
▪️$2 billion for private wealth vehicles investing alongside ASP VIII
– Total represents a doubling of investable capital in Secondaries compared to the predecessor program.
– ASP VIII focuses on acquiring exposure to existing private equity assets through liquidity solutions for GPs and LPs:
▪️Acquisition of fund interests
▪️Continuation funds
▪️GP-centered solutions
– Benefits from Carlyle AlpInvest’s integrated Secondaries and Portfolio Finance platform, offering solutions across credit to equity.
– Over 325 investors participated across institutional and wealth channels, including: insurance companies, public and corporate pension funds, financial institutions, asset managers, foundations, and family offices.
– Investor base spans 50 countries across North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific.
– Chris Perriello, Partner and Global Head of Secondaries, highlighted secondaries as a core pillar of private equity and positioned ASP VIII as purpose-built for the market’s evolution.
– Ruulke Bagijn, Head of Carlyle AlpInvest, emphasized strong support from longstanding and new investors, reflecting trust in the platform.
– Michael Hacker, Partner and Global Head of Portfolio Finance, underlined the $24 billion raised across liquidity solutions, enhancing flexibility for sponsors and investors.
– Carlyle AlpInvest track record:
▪️$40 billion committed across 245 transactions in Secondaries and Portfolio Finance over 20 years
▪️Dedicated 60-person team in New York, Amsterdam, London, and Hong Kong
– Previous program (ASP VII, 2020) raised $10.2 billion, surpassing its $8 billion target.
– Carlyle AlpInvest also raised over $4 billion for Portfolio Finance strategies, including $3.2 billion for AlpInvest Strategic Portfolio Finance Fund II (ASPF II).
– Combined fundraising across Secondaries and Portfolio Finance platform now totals $24 billion.