New York, Amsterdam and Hong Kong - AlpInvest Partners has raised $3.5 billion for AlpInvest Co-Investment Fund VIII (“ACF VIII” or the “Fund”). The Fund exceeds its $3 billion target.
Rob de Jong, Managing Director & Co-Head of Co-Investments at AlpInvest, said: “This latest fundraise underlines AlpInvest’s strong performance, and the appetite for our differentiated co-sponsored approach acting as a partner in active deal settings, which is built on long-standing relationships with buyout fund managers. We believe that we are well-positioned to provide investors with the type of high-quality co-sponsor opportunities and diversification that they are seeking.”
Richard Dunne, Managing Director & Co-Head of Co-Investments at AlpInvest, said: “We are delighted with the continued support from our existing limited partners and to be welcoming new investors to AlpInvest’s co-investment platform. While the co-investment market continues to expand, AlpInvest’s co-investment offering combines decades-long experience of co-investing alongside deep and extensive relationships with buyout fund managers, which is key to our reputation as a trusted deal partner with demonstrated underwriting capabilities.”
ACF VIII is a dedicated co-investment fund that will seek to invest alongside top-tier GPs in private equity buyouts and growth capital transactions across industry sectors, globally. More than 120 new and existing investors committed capital to ACF VIII, including public pension funds, corporate pension funds, financial institutions, asset managers, foundations and family offices, that originate from over 35 countries spanning North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.
AlpInvest has committed more than $12 billion to more than 280 equity co-investments over the past 20 years and currently has a dedicated 27-person Co-investment team based in New York, Amsterdam, Hong Kong, and San Francisco.
About AlpInvest Partners
AlpInvest is a leading global private equity investor, with more than $55 billion of assets under management as of December 31, 2020, and more than 180 employees across offices in New York, Amsterdam, Hong Kong, London, San Francisco, and Indianapolis. Since its inception, AlpInvest has invested with over 300 managers and committed approximately $74 billion across over 730 primary commitments to private equity funds, more than 150 secondary transactions and in excess of 270 equity co-investments. AlpInvest offers customized private equity investment solutions to investors through separately managed accounts and commingled funds. AlpInvest operates as a subsidiary of The Carlyle Group (NASDAQ: CG). For more information, please visit www.alpinvest.com.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $246 billion of assets under management as of December 31, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs 1,825 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.
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