Carlyle’s Alpinvest Unit Raises Total $20B, FT Says

Carlyle Group’s AlpInvest raised $15 billion for its latest flagship secondaries fund, and a total $20 billion including co-investments from other groups and its retail funds, the Financial Times reports, citing the company.

• Chris Perriello, head of secondaries at Carlyle AlpInvest, told the FT there is “an excess of [assets] on the books of investors today that has been created from strong fundraising years and a lack of liquidity over the past four years”

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