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Laxman Pai, Opalesque Asia:

Buyout firm Carlyle Group Inc's AlpInvest Partners said it has raised $3.5 billion for AlpInvest Co-Investment Fund VIII (ACF VIII). The Fund exceeds its $3 billion target.

The fund, which focuses on private equity buyouts and growth capital transactions, will invest alongside general partners in private equity buyouts and growth capital transactions across industry sectors and on a global basis.

Richard Dunne, Managing Director & Co-Head of Co-Investments at AlpInvest, said: "We are delighted with the continued support from our existing limited partners and to be welcoming new investors to AlpInvest's co-investment platform. While the co-investment market continues to expand, AlpInvest's co-investment offering combines the decades-long experience of co-investing alongside deep and extensive relationships with buyout fund managers, which is key to our reputation as a trusted deal partner with demonstrated underwriting capabilities."

Investors include Border to Coast Pensions Partnership, Leeds, England, with a $125 million commitment to the fund. The pool's pension fund members have about £46 billion ($63.6 billion) in assets.

ACF VIII is a dedicated co-investment fund that will seek to invest alongside top-tier GPs in private equity buyouts and growth capital transactions across industry sectors, globally. More than 120 new and existing investors committed capital to ACF VIII, including public pension funds, corporate pension f......................

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