Deals
Carlyle’s AlpInvest Unit Raises $9 Billion for Buyout Stakes
- AlpInvest’s largest fund has yet to deploy over 80% of capital
- Secondaries funds raise $75 billion for year, near triple 2019
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AlpInvest Partners has raised $9 billion for its latest fund to focus on buying stakes in existing private equity investments.
That’s the largest amount raised yet by the Carlyle Group Inc.-owned money manager, which has more than $49 billion of assets. The firm pulled in a further $1.2 billion for co-investment opportunities alongside the fund, according to a statement Wednesday.