AlpInvest raises $6.5bn for secondaries programme

The fundraising is now complete, Carlyle said, with the original $6bn target largely exceeded. AlpInvest's sixth secondaries programme consists of commitments of $3.3bn to the co-mingled vehicle ASF VI on the one hand, and of $3.2bn in funds from investors in separately managed accounts.

The programme's previous generation, ASP V, received $4.2bn in commitments in 2013, with $750m going towards its AlpInvest Secondaries Fund V vehicle.

Investors
Approximately 90 new and existing investors committed capital to ASP VI, including sovereign wealth funds, public pension funds, corporate pension funds, financial institutions, asset managers, foundations and family offices, originating from 34 countries around the world.

Investments
ASP VI will seek to invest in existing private equity and energy funds in the secondaries market, through both the acquisition of fund interests and sponsor-centered investments.

AlpInvest states it has committed $11bn through 110 secondary transactions over the past 14 years, and currently has 23 staff members working from offices in New York, Amsterdam and Hong Kong. 

People
AlpInvest Partners – Wouter Moerel (head of secondaries).

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