The Carlyle Group’s AlpInvest Partners Reaches $4.2 Billion for Secondaries Program
October 16 2013 - 7:00AM
Business Wire
AlpInvest Secondaries Fund V Closes at Cap
with $750 Million
AlpInvest Partners, the private equity fund of funds arm of The
Carlyle Group’s Solutions platform, announced that its AlpInvest
Secondaries Program (ASP) has reached $4.2 billion, including
AlpInvest Secondaries Fund V (ASF V) closing at its hard cap of
$750 million. The ASP is a dedicated Secondaries program that has
acquired positions in existing private equity funds and interests
in privately held companies since 2012.
The ASP consists of (i) commitments from AlpInvest’s cornerstone
investors APG and PGGM, (ii) managed accounts with dedicated
allocations to secondaries and (iii) the ASF V, a commingled fund
with commitments of $750 million, which closed on October 14th,
reaching its hard cap and exceeding its $500 million target. A
total of 18 new investors committed capital to the ASF V, including
sovereign wealth funds, public pensions, corporate pensions,
insurance companies, asset managers, and foundations located in
North America, Latin America, Europe, Africa, the Middle East and
Asia-Pacific.
AlpInvest has committed $9.1 billion through 84 transactions in
secondaries in the past 11 years and currently has a dedicated
22-person team based in New York, Amsterdam and Hong Kong.
Jacques Chappuis, Head of Carlyle Solutions, said: “The addition
of 18 new investors and $750 million 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.”
Volkert Doeksen, Chairman of AlpInvest,
commented: “The new commitments to the ASP allow us to invest
further in attractive opportunities within the secondaries arena
for our recently magnified investor base.” He added: “This is a
testament to the quality of our people, our investment strategy and
robust track-record.”
About AlpInvest Partners
AlpInvest Partners is one of the largest private equity
investors in the world, with over US$48 billion of assets under
management as of June 30, 2013. AlpInvest’s activities cover a
broad range of private equity investing, including Primary Fund
commitments, Secondary purchases and Co-Investments. The firm’s
investments span the full spectrum of private equity: buyouts,
venture capital, growth capital, mezzanine, and distressed.
AlpInvest offers customized private equity solutions through
separately managed accounts, as well as commingled products.
www.alpinvest.com
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with $180 billion of assets under management across 118
funds and 81 fund of funds vehicles as of June 30, 2013. Carlyle's
purpose is to invest wisely and create value on behalf of its
investors, many of whom are public pensions. Carlyle invests across
four segments – Corporate Private Equity, Real Assets, Global
Market Strategies and Global Solutions – in Africa, Asia,
Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer &
retail, energy, financial services, healthcare, industrial,
technology & business services, telecommunications & media
and transportation. The Carlyle Group employs more than 1,400
people in 34 offices across six continents.
Web: www.carlyle.comVideos: www.youtube.com/onecarlyleTweets: www.twitter.com/onecarlylePodcasts: www.carlyle.com/about-carlyle/market-commentary
AlpInvest PartnersNew YorkEmily-Jane Finigan,
+1-212-332-6403emily-jane.finigan@alpinvest.comorAmsterdamMaaike
van der Schoot,
+31-20-540-7628maaike.van.der.schoot@alpinvest.com
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