About This Fund
Carlyle AlpInvest is the private markets investment platform of The Carlyle Group, built around AlpInvest Partners — one of the world's largest and most established institutional private equity investors. AlpInvest Partners, originally the captive private equity investor for Dutch pension funds APG and PGGM, became a wholly owned subsidiary of The Carlyle Group in 2011. The combined platform manages approximately $97 billion in assets across more than 630 institutional investors globally, operating three flagship programs: the AlpInvest Secondaries Program, the AlpInvest Co-Investment Program, and the AlpInvest Primary Fund Program.
The secondaries program is the platform's flagship strategy. The most recent vehicle, AlpInvest Secondaries Program VIII (ASP VIII), reached its $15 billion hard cap, bringing total capital raised for the global secondaries strategy to over $20 billion across all programs. ASP VIII focuses on acquiring LP fund interests in existing private equity portfolios, GP-led continuation fund structures, and other GP-centered liquidity solutions globally. For European institutional investors, Carlyle AlpInvest also manages the SICAV-domiciled Carlyle AlpInvest Private Markets Secondaries (CAPS) evergreen vehicle and the Carlyle AlpInvest Private Markets Fund (CAPM), providing regulated access to the full spectrum of private markets strategies.
Over its 20-year history, the Carlyle AlpInvest platform has committed more than $40 billion across over 245 transactions in secondaries and portfolio finance strategies. Its co-investment and primary programs span commitments to leading general partners across buyout, venture capital, growth equity, and infrastructure strategies worldwide. The combination of Carlyle Group's global deal sourcing network and AlpInvest's proprietary secondaries expertise provides limited partners with diversified access to the full private markets spectrum.