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Carlyle and UBS collaborate on secondaries

Friday, June 27, 2025
Opalesque Industry Update - Global investment firm Carlyle and UBS's Unified Global Alternatives (UGA) business, today announced their collaboration on an open-ended private equity secondaries initiative for wealth management clients.

The initiative aims to provide institutional-quality secondaries exposure with enhanced liquidity, diversification, and long-term value.

"This collaboration underscores our commitment to expanding access to world-class private market solutions while maintaining the rigor and discipline of our institutional platform," said Shane Clifford, Global Head of Wealth at Carlyle. "By combining Carlyle AlpInvest's global secondaries expertise with that of UBS's Unified Global Alternatives business, our goal is to deliver a compelling solution to investors."

"The secondaries market has grown and matured over the past two decades, and today we're seeing one of the most active environments in years-with high-quality portfolios coming to market and a range of sellers seeking flexible solutions," said Chris Perriello, Global Head of Secondaries at Carlyle AlpInvest. "With a long history of sourcing and executing complex secondary transactions globally, this initiative is a natural way to bring that expertise to a broader set of investors."

Jerry Pascucci, Co-Head of UGA at UBS, said: "We are proud to innovate with the world's premier GPs, capitalizing on the scale, breadth, and resources of our leading private markets franchises to serve clients' investment needs across the spectrum of alternative investment strategies."

"We are delighted to collaborate with Carlyle AlpInvest, combining our deep experience to deliver private equity secondary market opportunities for clients. With this collaboration, we can also bring together Carlyle's expertise with UGA's global network and sourcing relationships to drive a robust deal funnel," added Johannes Roth, Co-Head of UGA at UBS.

This communication does not constitute an offering of securities in the United States or to U.S. Persons (as defined in Regulation S under the U.S. Securities Act of 1933). This communication is not, and under no circumstances is to be construed as, a prospectus or advertisement for the public offering of any securities in the United States.

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