Carlyle’s AlpInvest banks US$20b for secondary deals

(Image: WSJ)

Sat, 06 Sep 2025

By Rod JamesCarlyle AlpInvest has raised more than US$20 billion (NZ$34.2b) for its latest secondary investing program, nearly double what it collected for a predecessor program that closed in 2020.The fundMost of the capital raised by the alternative investment manager went to its commingled fund, AlpInvest Secondaries Fund VIII, which closed at its US$15b upper limit, the Carlyle Group subsidiary said.AlpInvest also raised US$3.2b of co-investment capital from institutions and US$2b from wealthy individuals to be invested alongside the main v...

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