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LP profile

Carlyle AlpInvest

Fund of fund · Founded 1999 · New York City, United States

#207 LP Ranking #29 of 264 funds of funds

Global private equity company specializing in primary funds, secondaries, and co-investments for investors

113 VC firms backed
$65B AUM
01 · Background

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.
02 · Fund commitments

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.

Index Ventures
United Kingdom
#11 Power Law
Spark Capital
United States
#51 Power Law
Notable Capital
United States
#61 Power Law
ARCH Venture Partners
United States
#124 Power Law
True Ventures
United States
#137 Power Law
Silver Lake Partners
United States
#180 Power Law
Northzone
United Kingdom
#224 Power Law
Flybridge Capital Partners
United States
#238 Power Law
KKR
United States
#251 Power Law
Amadeus Capital Partners
United Kingdom
#466 Power Law
Eldridge
United States
#474 Power Law
Accuitive Medical Ventures
United States
03 · Allocation

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.

Emerging funds · 27
Established funds · 40
13 1
6 2
8 3
6 4
8 5-6
12 7-9
7 10-14
7 15+
Funds raised by the manager
05 · Direct investments

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.

By countryCount
  1. USA10
  2. Germany2
  3. Belgium1
  4. France1
  5. India1
  6. UK1
By sectorCount
  1. Health6
  2. Enterprise Software3
  3. Energy2
  4. Education1
  5. Fintech1
  6. Marketing1
  7. Media1
  8. Security1
  9. Sports1
By stage enteredCount
  1. Series B+8
  2. Series A3
  3. Seed1
By growth stageCount
  1. Breakout Stage6
  2. Late Growth5
  3. Early Growth3
  4. Mature2
06 · Portfolio market map

Inside Carlyle AlpInvest’s portfolio.

The 13 highest-funded portfolio companies, of 12 tracked.

ReNew
Energy · Unicorn
$9.6B
SolarWinds
Enterprise Software · Unicorn
$4.2B
Chronograph
Fintech
$80M
Bridgepointe Technologies
Enterprise Software · Unicorn
$1.0B
Enanta Pharmaceuticals
Health
$292M
Develogen
Health
Ingenium Pharmaceuticals
Health
$220M
VPIsystems
Enterprise Software
$16M
Impress Software Solutions
Energy
$40M
Maison Sport
Sports
$16M
Hans Anders
Health
$220M
Essential Pharma
Health
RSA Security
Security · Unicorn
$2.1B
07 · Portfolio founders

Where 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.

LocationCount
  1. United States6
  2. France2
  3. India2
UniversityCount
  1. Columbia University School of International and Public Affairs2
  2. Indian Institute of Management, Calcutta2
  3. Arizona State University1
  4. Catholic High School1
  5. Ilmenau University of Technology1
  6. Indian Institute of Management, Lucknow1
  7. Indian Institute of Technology, Delhi1
  8. Loughborough College1
  9. Massachusetts Institute of Technology1
  10. Stanford University Graduate School of Business1
Previous companyCount
  1. Suzlon2
  2. Aditya Birla Sun Life AMC1
  3. Adityabirlabizlabs1
  4. Bank of America Merrill Lynch1
  5. BofA Securities1
  6. ForeScout1
  7. Gallagher1
  8. GFI Group1
  9. IPlytics1
  10. Lee Equity Partners1
09 · Key people

Key people at Carlyle AlpInvest.

Source: Dealroom next-gen API — investor team endpoint.