AlpInvest Partners has raised USD 3.2 billion for AlpInvest Strategic Portfolio Finance Fund II (“ASPF II”), inclusive of parallel SMAs and co-investments, exceeding its initial target and more than tripling the size of its prior program, ASPF I. Including the simultaneous closing of multiple Senior Portfolio Lending mandates and co-investments - which invest in investment-grade Portfolio Financings - the total new capital raised for AlpInvest’s Portfolio Finance platform exceeds USD 4 billion.

ASPF II provides financing solutions to private equity funds, general partners (GPs), and limited partners (LPs). The fund also invests in Credit Secondaries, supporting optimised portfolio construction across the private capital markets. This includes portfolios of direct investments, private equity strategies (such as buyout, growth, credit, and infrastructure funds), as well as ownership stakes in private capital management companies and their underlying GP-held assets.

Our team advised on fund structuring, fund finance, tax, and regulatory aspects of the fund.

With this total capital raised, AlpInvest is now able to deliver innovative and flexible financing solutions.

AlpInvest is a leading global private equity investor and a subsidiary of Carlyle (NASDAQ: CG).