Carlyle acquires AlpInvest in first foray into FoF world
After nearly six months of speculation about who would acquire global fund of funds investor AlpInvest – until now held by two Dutch pension funds – the Carlyle Group has been announced as the chosen buyer, marking the PE giant’s first foray into the LP side of private equity.
Pending regulatory approval, Carlyle's acquisition would be completed as of March. The valuation of the deal has not been disclosed, though sources suggest Carlyle may have paid hundreds of million of...
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