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Laxman Pai, Opalesque Asia: Carlyle's Alpinvest unit has completed fundraising for AlpInvest Secondaries Fund VIII, reaching its $15 billion hard cap, which is far exceeding the $9 billion predecessor it closed in 2020.
The total amount raised for AlpInvest's Secondaries strategy also includes $3.2 billion in co-investment commitments, as well as $2 billion for private wealth vehicles investing alongside ASP VIII, and represents a doubling of the firm's investable capital in Secondaries investments over the predecessor program, said a media release from the alternative investment manager .
The AlpInvest Secondaries Fund VIII, the flagship fund within the AlpInvest Secondaries Program VIII (ASP VIII), which reached its $15 billion hard cap, is its largest-ever secondaries fund, the release added.
"ASP VIII is a dedicated secondaries investment program focused on acquiring exposure to existing private equity assets by providing a range of liquidity solutions to both General Partners and Limited Partners - including the acquisition of fund interests, continuation funds, and other GP-Centered solutions," it said.
ASP VIII benefits from Carlyle AlpInvest's integrated Secondaries and Portfolio Finance platform, which offers flexible, scalable solutions across the capital structure ranging from credit to equity.
More than 325 new and existing investors committed capital to ASP VIII, across institutional and wealth, including insurance companies, public ...................... To view our full article Click here
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