FUNDRAISING NEWS | October 29, 2024
Private equity platform and Carlyle subsidiary AlpInvest has captured $1B in commitments for the final close of a collateralized fund obligation (CFO) that will give investors exposure to a handful of existing funds and recently completed secondary transactions.
The CFO will provide access to four funds across AlpInvest’s flagship private equity secondaries, portfolio finance, and co-investment strategies, as well as two newly acquired portfolios of LP interests from recently completed secondary transactions. The CFO is intended to provide investors with exposure to private credit and equity exposures across different geographic regions, vintage years, and fund strategies.
Evercore served as sole structuring advisor and bookrunner, and Ropes & Gray LLP as legal advisor for AlpInvest in the fundraiser.
As of June 30, Carlyle said its subsidiary oversees more than $80B in assets servicing over 500 LPs through its private equity portfolio.
View the press release here.
Written By: Dakota
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