The Carlyle Group acquires AlpInvest Partners

The Carlyle Group acquired AlpInvest Partners, a transaction completed in March 2011, structured as Acquisition via a Carlyle / AlpInvest-management joint venture of 100% of share capital; terms undisclosed.

AlpInvest Partners operates in Investment Solutions (fund-of-funds / secondaries), is based in Amsterdam, Netherlands. Carlyle, alongside AlpInvest management, agreed to acquire AlpInvest Partners from Dutch pension investors APG and PGGM, buying 100% of the Amsterdam-based firm's share capital. At the time AlpInvest was one of the world's largest private-equity investors, managing roughly EUR 32.3 billion (about $43.3 billion) in fund-of-funds and secondaries programs, with APG and PGGM staying on as anchor clients. AlpInvest became the cornerstone of Carlyle's Investment Solutions platform. Financial terms were not disclosed.

Add a large fund-of-funds and secondaries manager as the anchor of Carlyle's solutions platform and deepen relationships with major institutional LPs.

Advisory firms were not disclosed for this transaction.

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