About This Fund
AlpInvest Secondaries Program VIII, managed by AlpInvest Partners under The Carlyle Group, is a 2024 vintage private equity fund specializing in secondary investments. The fund has successfully raised raised $20 billion for its global Secondaries strategy, anchored by the final close of AlpInvest Secondaries Fund VIII, the flagship fund within the AlpInvest Secondaries Program VIII (“ASP VIII”) which reached its $15 billion hard cap. 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. This achievement underscores AlpInvest's robust position in the secondary market and its appeal to institutional investors. The fund's strategy centers on acquiring existing private equity interests, providing liquidity solutions to investors seeking to exit their positions. By focusing on secondary transactions, AlpInvest aims to capitalize on opportunities arising from market dynamics and investor needs for portfolio rebalancing. The fund's approach allows for diversification across various sectors and geographies, mitigating risks associated with primary investments. Investors in Fund VIII include prominent institutions such as the Kentucky Teachers’ Retirement System, KGI Life, and the University System of Maryland Foundation. The fund's investor base spans North America, developed Asia, and Europe, reflecting its global reach and the widespread demand for secondary market exposure. With over 50% of the capital already committed, AlpInvest demonstrates a strong deployment pace, aligning with its strategic objectives.