Key Takeaways
- Geography: Netherlands, United States.
Analysis
AlpInvest Partners, a global private equity investment firm owned by The Carlyle Group, has announced the successful closing of AlpInvest Co-Investment Fund IX (ACF IX), securing $4.1 billion in capital commitments. The fund surpassed the size of its predecessor, ACF VIII, which closed at $3.5 billion in 2021, meeting its initial fundraising target.
ACF IX is a dedicated co-investment vehicle that aims to partner with high-quality general partners in private equity buyouts and growth capital transactions worldwide. The fund attracted commitments from more than 185 investors across North America, Latin America, Europe, the Middle East, and Asia, including public and corporate pension funds, financial institutions, asset managers, foundations, and family offices.
"We are pleased to announce the close of ACF IX, which hit $4.1 billion and surpassed the size of our prior fund, with strong support from both existing and new investors. This highlights the depth of our co-investment platform, our strong track record, and our focused approach," said Richard Dunne, Managing Director and Co-Head of Co-Investments at AlpInvest.
Roberto Torrini, also Managing Director and Co-Head of Co-Investments, added, "Building on the success of our previous co-investment programs, we believe this latest fundraise underscores AlpInvest’s consistent performance and our reputation as a trusted co-investment partner."
Ruulke Bagijn, Global Head of AlpInvest, noted, "With the closing of ACF IX, we continue to build momentum across the AlpInvest platform. It’s a testament to our team’s expertise and commitment to delivering innovative and differentiated solutions that we believe create long-term value for our investors."
Over the past 25 years, AlpInvest has committed more than $19 billion across over 400 equity co-investments. The firm currently employs a dedicated 37-person co-investment team based in New York, Amsterdam, and Hong Kong.
About AlpInvest: With $89 billion in assets under management as of March 31, 2025, AlpInvest has invested alongside over 380 private equity managers and committed more than $100 billion across a diversified private equity strategy. The firm operates globally from offices in New York, Amsterdam, Hong Kong, London, and Singapore.