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Carlyle AlpInvest
Fund of fund · Founded 1999 · New York City, United States
Who Carlyle AlpInvest is.
- Historical Background
- AlpInvest was founded in 2000 as an initiative by Dutch pension funds ABP and PFZW to professionally manage their private equity investments. Initially, the firm was the exclusive manager of private equity allocations for its two founding pension funds.
- Source of Capital
- The firm's capital is sourced from a global base of more than 500 institutional investors. Historically, its capital base was anchored by two of the world's largest pension funds, Stichting Pensioenfonds ABP (ABP) and Stichting Pensioenfonds Zorg en Welzijn (PFZW).
- Major Events
- In 2011, The Carlyle Group acquired AlpInvest Partners, integrating it as a core division within its global private equity operations.
- Allocation Strategy
- The firm's investment activities are concentrated on private equity. AlpInvest operates through three specialized teams: Primary Fund Investments, which commits to other private equity funds; Secondary Investments, which purchases existing private equity assets; and Co-investments, which involves direct investments in companies alongside other fund managers. The strategy encompasses a wide range of investment stages, including large and middle-market buyouts as well as growth capital, across diverse geographies and sectors.
The funds Carlyle AlpInvest backs.
Carlyle AlpInvest is a limited partner in 113 funds. 11 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

































How Carlyle AlpInvest’s fund book is spread.
The 113 funds Carlyle AlpInvest backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 112 of 113 with a location on record.
- North America 5246%
- Europe 4742%
- Rest of world 1312%
United States 51 · United Kingdom 27 · Germany 5 · France 4
How established those managers are
Managers grouped by how many funds they have raised — across the 67 of 113 with a fund history on record.
The companies Carlyle AlpInvest backs directly.
Carlyle AlpInvest holds 13 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
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USA10
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Germany2
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Belgium1
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France1
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India1
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UK1
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Health6
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Enterprise Software3
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Energy2
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Education1
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Fintech1
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Marketing1
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Media1
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Security1
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Sports1
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Series B+8
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Series A3
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Seed1
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Breakout Stage6
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Late Growth5
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Early Growth3
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Mature2
Inside Carlyle AlpInvest’s portfolio.
The 13 highest-funded portfolio companies, of 12 tracked.
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RSWhere Carlyle AlpInvest’s portfolio founders come from.
11 founders across the 16 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
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United States6
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France2
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India2
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Columbia University School of International and Public Affairs2
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Indian Institute of Management, Calcutta2
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Arizona State University1
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Catholic High School1
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Ilmenau University of Technology1
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Indian Institute of Management, Lucknow1
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Indian Institute of Technology, Delhi1
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Loughborough College1
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Massachusetts Institute of Technology1
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Stanford University Graduate School of Business1
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Suzlon2
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Aditya Birla Sun Life AMC1
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Adityabirlabizlabs1
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Bank of America Merrill Lynch1
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BofA Securities1
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ForeScout1
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Gallagher1
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GFI Group1
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IPlytics1
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Lee Equity Partners1
Other LPs.
Other funds of funds in the Power Law LP ranking, closest to Carlyle AlpInvest by combined power-law score — North America first, then the nearest worldwide.
Key people at Carlyle AlpInvest.

