AlpInvest Partners

AlpInvest is pleased to have led a €600m single-asset Continuation Fund in partnership with Gyrus Capital to support the continued growth of Essential Pharma. The transaction, which was supported by a high-quality syndicate of new and existing investors, and a meaningful reinvestment from both Gyrus and Essential management, provides Essential with additional capital to build on its diversified portfolio across established and rare disease medicines. Read more here: http://spr.ly/6047Q083B

Carlyle’s AlpInvest is pleased to announce a new strategic partnership with Mubadala Investment Company (Mubadala), focused exclusively on providing portfolio senior fund financing to private equity funds on a global basis. The partnership builds on Mubadala and Carlyle’s long-standing relationship and represents a key advancement in AlpInvest’s portfolio finance strategy. We look forward to expanding our partnership with Mubadala and working together to increase our reach and capacity to meet the evolving needs of our partners within the private equity community. Read more here: http://spr.ly/6043QXN0x

Last week, AlpInvest’s Head of Responsible Investment Maaike van der Schoot participated in a dynamic panel discussion at Private Equity International’s Responsible Investment Forum on ESG reporting and driving long-term value through sustainable investing. For AlpInvest, convergence on ESG reporting is essential to uncover meaningful #sustainability insights across our portfolios. Maaike emphasized how the ESG Data Convergence Initiative (EDCI) framework has not only driven transparency, but also opens doors to identify how sustainability can drive value creation for investors. #RIFEurope #RIFEurope24

Over 60 AlpInvest colleagues from our Amsterdam office came together recently for a volunteer project, cleaning up waste from Amsterdam’s famously picturesque canals in collaboration with Plastic Whale. Using electric boats and fishing nets, our team braved the cold weather and successfully collected a substantial amount of waste material, including: three scooter helmets, a vacuum cleaner, shoes, and numerous plastic bottles. This experience not only contributed to the environment, but also showcased the strength of AlpInvest’s team and community spirit. A big thank you to everyone involved for their hard work and commitment!

Today, AlpInvest announced the closing of a $1 Billion Collateralized Fund Obligation (“CFO”) offering, marking the largest publicly rated GP-Led CFO in the market to date. This securitization offers a differentiated opportunity for investors, reflecting AlpInvest’s structuring expertise across Secondaries and Portfolio Finance platforms. We are excited to continue our heritage of delivering customized products to our investors. Read more here: http://spr.ly/6047SyR2x

We are pleased to announce that Justin Karp has joined AlpInvest as a Managing Director on the Secondary and Portfolio Finance team. Based in New York, Justin brings over 17 years of #PrivateCredit experience to AlpInvest’s growing Portfolio Finance platform. Our recent additions of Tyler Dickinson and Ian Dibble as New York-based Vice Presidents, showcase AlpInvest’s continued dedication to the rapidly growing market for credit-oriented solutions in #PrivateMarkets. We are excited to welcome Justin, as well as Tyler and Ian!

AlpInvest is pleased to have led the $2.1 billion Resolute III Continuation Fund transaction in partnership with TJC. The transaction is aligned with AlpInvest’s strategy and provides an opportunity to support TJC in driving value creation initiatives across the portfolio. We look forward to continuing to expand our partnership with TJC. Read more here: http://spr.ly/6042U1U3G

During #ClimateWeekNYC, we had the privilege of hosting 36 U.S. General Partners at our workshop, "The Business Case and Playbook for Decarbonization.” The event featured valuable presentations from sustainability experts on leading decarbonization frameworks, and we shared practical tools to seek to drive meaningful progress and value within investment portfolios. We extend our sincere gratitude to all participants for their insightful contributions and dynamic discussions. It was inspiring to witness such a strong commitment to exploring effective decarbonization strategies that may generate long-term value for investors. We look forward to continuing these critical conversations. Special thanks to our partners APG and PGGM for co-organizing this event, to Ropes & Gray LLP for hosting, and to Anthesis Group, ERM, Ramboll, and Rappel for facilitating the workshop sessions.

It’s a buyers’ market according to Chris Perriello, Global Head of Secondaries. Chris recently spoke with Rod James at The Wall Street Journal Pro Private Equity to discuss the #secondaries market's performance, especially as stable interest rates and firmer pricing have surged demand. Chris noted that he and the team at The Carlyle Group “believe we can drive what we’re going to transact on as opposed to reacting to what’s for sale,” adding that buyers also had power to shape the structure of deals and whether payment can be all upfront or deferred. Read the full story: http://spr.ly/6048l0t2n