AlpInvest closes seventh secondaries fund on $9bn

AlpInvest also raised an additional $1.2bn in committed co-investment vehicles.

ASP VII is larger than its predecessor, which raised $6.5bn in 2017, exceeding its $6bn target.

AlpInvest is a subsidiary of Carlyle Group, and has more than $49bn in assets under management. The firm employs 170 professionals across offices located in New York, Amsterdam, Hong Kong, London, San Francisco and Indianapolis.

Since its inception, AlpInvest has deployed approximately $73bn across 725 primary commitments to private equity funds, more than 150 secondary transactions and 270 equity co-investments. 

Investors
ASP VII has built an LP base composed of more than 170 new and existing investors, including sovereign wealth funds, public pension funds, corporate pension funds, financial institutions, asset managers, foundations and family offices.

Investors in the fund come from 45 countries, spanning North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

Investments
ASP VII will seek to acquire positions in existing private equity funds in the secondaries market through both the acquisition of fund interests and GP-centered investments.

People
AlpInvest Partners – Wouter Moerel, Chris Perriello (managing directors, co-heads of secondary investments).

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