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AlpInvest Partners

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AlpInvest Partners
Company typeSubsidiary
IndustryPrivate Equity
PredecessorNIB Capital
Founded1999; 25 years ago (1999)
HeadquartersNew York, New York
Amsterdam, Netherlands
London
Hong Kong
San Francisco, California
Indianapolis, Indiana
Tokyo
ProductsFund investments, Secondaries, Co-Investments, Alternative Credit
Total assetsIncrease$63 billion (December 31, 2022)[1]
Number of employees
180 (2020) [2]
ParentThe Carlyle Group
Websitewww.AlpInvest.com
Footnotes / references
+US$85 billion in capital since inception [3]

AlpInvest Partners is a global private equity asset manager which is a subsidiary of The Carlyle Group, a global private equity firm.

As of the end of 2022, the firm had invested in more than 600 private equity funds managed by more than 325 private equity firms. According to the PEI 300, AlpInvest ranked among the 50 largest private equity firms globally.[4] It was reported to have over $55 billion of funds under management.[5][6][7]

Prior to 2011, AlpInvest was owned through a joint venture of its two clients, the Dutch pension funds (ABP and PFZW). Founded in 1999, AlpInvest has offices in New York, Amsterdam, London, Hong Kong, San Francisco, Indianapolis, Singapore, and Tokyo.

History

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The logo used by AlpInvest from 2004 through 2019
The logo used by Alpinvest N.V., a publicly quoted investment vehicle and predecessor of AlpInvest Partners
The logo used by NIB Capital Private Equity, the direct predecessor of AlpInvest Partners

AlpInvest as it is currently known, was established in 1999 as an initiative by its two sponsors, the Dutch pension funds ABP and PFZW (then PGGM), to create an independent and professional manager for their private equity allocations.[8]

In 2000, AlpInvest expanded its investment platform, by creating a dedicated equity co-investment team[specify] to invest in transactions alongside its core private equity managers. The following year, in 2001, the firm began a formal effort to make mezzanine investments. A year later, in 2002, AlpInvest launched a secondary investment platform, which has become one of the largest buyers of private equity assets in the secondaries market.[citation needed]

Awards

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In recent years, AlpInvest has won several industry awards as a limited partner.

Year Award Publication Ref.
2013 Secondaries Firm of the Year Private Equity International [9]
2013 Fund of Funds of the Year Private Equity International [9]
2012 #1 Largest Private Equity Fund of Funds Towers Watson, Financial Times [10]
2008 Limited Partner of the Year Private Equity International [11]
2008 Most Influential European Limited Partner Private Equity News [12]
2007 Limited Partner of the Year Private Equity International [13]
2007 Most Influential European Limited Partner Private Equity News [14]
2007 Buyout of the Year: VNU (Co-Investment) Thomson Financial's Acquisitions Monthly [15]
2006 Limited Partner of the Year Private Equity International [13]
2006 Large investment of the year: NXP (Co-Investment) Financial News [16]
2005 Limited Partner of the Year Private Equity International [17]

Investors and beneficiaries

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AlpInvest's primary beneficiaries are the 4.8 million participants in the pension funds Stichting Pensioenfonds ABP (ABP) and Stichting Pensioenfonds Zorg en Welzijn (PFZW, formerly PGGM), both based in the Netherlands.

ABP and PFZW collectively had assets of over $500 billion as of December 31, 2012 and are among the largest pension funds in the world.

Prior to 2011, AlpInvest had not historically solicited capital from other investors or institutions. Following its spinout from the Dutch pension funds, AlpInvest has been actively raising capital from institutional investors in North America, Europe, Asia, South America and Africa.

Among AlpInvest's most notable U.S. clients are Municipal Employees' Retirement System of Michigan (MERS)[18] and Indiana Public Retirement System (INPRS).[19][20]

See also

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Notes

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  1. ^ Source: Carlye Group website Archived 2013-10-29 at the Wayback Machine
  2. ^ "About us".
  3. ^ $62 billion and 300 general partners
  4. ^ Private Equity International - PEI 300
  5. ^ https://www.alpinvest.com/about-us Archived 2008-08-21 at the Wayback Machine (DowJones PE News, 2008)
  6. ^ AlpInvest Reaches Summit Archived 2008-04-07 at the Wayback Machine (Financial Times, 2004)
  7. ^ AlpInvest raises a mountain of money Archived 2013-10-29 at the Wayback Machine (TheDeal.com, 2004)
  8. ^ Superfund ABP takes the crown for fourth year running DowJones Financial News, 13 Nov 2007.
  9. ^ a b Top 50 Private Equity FoF Ranking. PEI Award 2013: KKR, Oaktree, AlpInvest Lead Honour Roll, March 3, 2014
  10. ^ Top 50 Private Equity FoF Ranking. Towers Watson Global Alternatives Survey 2012, July 2012
  11. ^ Private Equity International Awards 2008 Archived July 15, 2011, at the Wayback Machine
  12. ^ "eFinancial News". eFinancial News. 2009-03-23. Retrieved 2014-07-16.
  13. ^ a b "Global firms dominate the PEI Awards". Private Equity International. 3 March 2008. Retrieved 29 March 2023.
  14. ^ "eFinancial News". eFinancial News. 2008-03-10. Retrieved 2014-07-16.
  15. ^ "Acquisitions Monthly 2007 Award Winners". Acquisitions-monthly-awards.com. Retrieved 2014-07-16.
  16. ^ "KKR dominates at awards ceremony". Efinancialnews.com. Retrieved 2014-07-16.
  17. ^ Engineering Success Archived 2007-10-21 at the Wayback Machine, p. 20
  18. ^ Michigan To Put $750M In Carlyle, AlpInvest. Institutional Investor, July 13, 2011
  19. ^ Indiana Public Retirement System picks Carlyle, AlpInvest for state-focused strategy. Pension & Investments, March 4, 2013
  20. ^ The Carlyle Group and AlpInvest Assume Management of Two Indiana Life Sciences Funds of Funds Totaling $130 Million Archived 2013-10-26 at archive.today. Business Wire, October 17, 2013

References

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