AlpInvest Partners, formerly NIB Capital, receives new mandate of E6 bn

AlpInvest Partners, until recently NIB Capital Private Equity, has received a new mandate from ABP and PGGM of approximately E6bn. This is in addition to the existing mandate of E14bn. This is the largest mandate granted in the international private equity market for some years. It covers an investment period of three years and will be used for fund investments, secondary investments, co-investments and direct investments. Furthermore, parent company NIB Capital NV announced its decision to spin-off NIBC Private Equity under the name AlpInvest Partners. ABP and PGGM are currently indirect shareholders - via NIB Capital NV - and will each take an immediate 50% interest in AlpInvest Partners after the completion of the spin-off. The shareholders, ABP and PGGM, will both nominate a member for the new supervisory board of AlpInvest Partners. In addition, an independent chairman will be nominated, together with two additional members. Announcements regarding the supervisory board appointments are expected to be made within the foreseeable future. The executive committee remains unchanged. It consists of the following managing partners; Volkert Doeksen (CEO), Paul de Klerk (CFO), Wim Borgdorff, Iain Leigh and Erik Thyssen.

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• GPs
• DACH