AlpInvest Partners Raises $3.2 Billion for Strategic Portfolio Fund II
Funding | Apr 07, 2025 | The Carlyle Group
AlpInvest Partners, a global private equity investor and subsidiary of The Carlyle Group, has successfully raised $3.2 billion for its AlpInvest Strategic Portfolio Finance Fund II (ASPF II), significantly surpassing its original target. By including parallel SMAs and co-investments, the total capital amassed for its Portfolio Finance platform surpasses $4 billion. ASPF II is designed to provide financing solutions to private equity funds, general partners (GPs), and limited partners (LPs), with a focus on Credit Secondaries investments. The fund's strategy aligns with a private credit approach, emphasizing diversification, cross-collateralization, and equity overcollateralization, aimed at optimizing portfolio construction and delivering cash yield. The strong response from institutional investors, including insurance companies, sovereign wealth funds, pensions, corporations, and family offices, underscores the market's recognition of AlpInvest's innovative financing solutions. The fund has already completed numerous transactions, including financing for private equity and private credit funds, GP commitment financings, LP portfolio recapitalizations, and support for Credit Secondaries.
Sectors
- Private Equity
- Financial Services
Geography
- United States – AlpInvest Partners is based in New York and is a key participant from the United States in global private equity financing.
- United Kingdom – With operations in London, AlpInvest's involvement in the European financial market is significant as highlighted by the press contacts.
Industry
- Private Equity – The article focuses on AlpInvest Partners' fundraising efforts, a key player in the private equity sector, indicating its role in providing investment opportunities and financial strategies.
- Financial Services – The article highlights financial products and solutions offered by ASPF II, emphasizing portfolio financings and credit secondaries, which are critical services in the financial industry.
Financials
- $3.2 billion – The amount raised for AlpInvest Strategic Portfolio Finance Fund II (ASPF II).
- Over $4 billion – The total capital raised for AlpInvest's Portfolio Finance platform, including parallel SMAs and co-investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AlpInvest Partners | Subsidiary of The Carlyle Group, Main Fundraiser | Company | A leading global private equity investor and subsidiary of The Carlyle Group. |
| The Carlyle Group | Parent Company | Company | A global investment firm operating in various sectors, providing the strategic backing for AlpInvest’s platform. |
| Michael Hacker | Global Head of Portfolio Finance at AlpInvest | Person | Responsible for overseeing the Portfolio Finance strategy at AlpInvest. |
| Ruulke Bagijn | Head of Carlyle AlpInvest | Person | Oversees operations and strategic direction at Carlyle AlpInvest. |
| Chris Perriello | Global Head of Secondaries at AlpInvest | Person | Handles secondary market operations and opportunities at AlpInvest. |