Carlyle Group - AlpInvest

AlpInvest

AlpInvest Partners is one of the largest private equity investment managers globally with over €42 billion (approximately $55 billion) under management at the end of 2009, invested alongside more than 250 private equity firms. Founded in 1999, AlpInvest has historically been the exclusive manager of private equity investments for the investment managers of two of the world's largest pension funds Stichting Pensioenfonds ABP (ABP) and Stichting Pensioenfonds Zorg en Welzijn (PFZW), both based in the Netherlands. In January 2011, Carlyle announced the acquisition of AlpInvest. The acquisition will add a leading fund-of-funds and secondary platform, significantly expanding Carlyle's global asset management business.

AlpInvest pursues investment opportunities across the entire spectrum of private equity including: large buyout, middle-market buyout, venture capital, growth capital, mezzanine, distressed and sustainable energy investments.

The firm also invests through a range of private equity investment channels, which include: new fund commitments, secondary market purchases, equity co-investments and mezzanine investments. AlpInvest invests primarily in private equity limited partnerships and effectively acts as a fund investor, making commitments to private equity funds globally. Between 2000 and 2010, AlpInvest made 389 fund investments managed by 226 different general partners. AlpInvest will invest with these firms either by making commitments to new investment funds or by purchasing funds through the private equity secondary market. AlpInvest is one of the largest private equity fund investors and is also among the largest and most active and experienced investors in private equity secondaries. The Secondary Investments team acquires or restructures portfolios of private equity assets ranging in size from €1 million to more than €1 billion. AlpInvest also invests directly alongside some of the largest private equity investors through an active co-investment program and will make mezzanine debt investments into companies owned by financial sponsors.

AlpInvest has offices in New York, Amsterdam, Hong Kong and London with over 70 investment professionals and over 115 employees.