AlpInvest Partners Raises $4.1 Billion for Ninth Co-Investment Fund
Funding | 9 Jun 2025 | The Carlyle Group
AlpInvest Partners, an affiliate of The Carlyle Group, has successfully raised $4.1 billion for its AlpInvest Co-Investment Fund IX (ACF IX). This fundraise surpasses its predecessor, which closed at $3.5 billion in 2021. ACF IX, a dedicated co-investment fund, aims to collaborate with high-quality general partners (GPs) in private equity buyouts and growth capital transactions globally. The fund secured commitments from over 185 investors, including public and corporate pension funds, financial institutions, foundations, and family offices from around the world. The strong support from existing and new investors underscores AlpInvest's robust co-investment platform and track record. With a 25-year history, AlpInvest has committed over $19 billion to more than 400 equity co-investments. AlpInvest has $89 billion in assets under management as of March 31, 2025, and operates globally with teams in New York, Amsterdam, Hong Kong, London, and Singapore.
Sectors
- Private Equity
- Financial Services
Geography
- Global – AlpInvest Partners operates and invests on a global scale, with investors spanning North America, Latin America, Europe, the Middle East, and Asia.
- Netherlands – AlpInvest Partners is based in Amsterdam, which is a key location for the firm.
- United States – New York is a major hub for AlpInvest, contributing to their operations and fundraising efforts.
- Hong Kong – AlpInvest's presence in Hong Kong signifies its strategic focus on the Asian market.
Industry
- Private Equity – The article discusses AlpInvest Partners, a significant player in the private equity industry, which has managed to raise substantial funds for its latest co-investment initiative.
- Financial Services – Involvement of pension funds, financial institutions, asset managers, and other financial entities in committing capital to the fund highlights the financial services aspect.
Financials
- $4.1 Billion – The amount raised by AlpInvest Partners for the AlpInvest Co-Investment Fund IX.
- $3.5 Billion – The size of AlpInvest's previous co-investment fund closed in 2021.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AlpInvest Partners | PE Firm | Company | A leading global private equity investor and co-investment fund manager, part of The Carlyle Group. |
| The Carlyle Group | Parent Company | Company | A global investment firm that owns AlpInvest Partners. |
| Richard Dunne | Managing Director and Co-Head of Co-Investments | Person | Executive at AlpInvest leading the co-investment strategy. |
| Roberto Torrini | Managing Director and Co-Head of Co-Investments | Person | Executive at AlpInvest involved in overseeing co-investment initiatives. |
| Ruulke Bagijn | Global Head of AlpInvest | Person | Leader at AlpInvest, overseeing global operations and investment strategies. |
| Investors | Investors | Company | Over 185 entities, including public and corporate pension funds, financial institutions, asset managers, foundations, and family offices. |