07-04-2025
- Business
- Wall Street Journal
AlpInvest Banks Nearly $4 Billion for Latest Portfolio-Finance Fund
AlpInvest Partners closed over $4 billion in new capital for its portfolio-finance business, as the firm seeks to capitalize on rapidly growing demand for loans secured by portfolios of private assets.
AlpInvest, a subsidiary of private-markets giant Carlyle Group, raised $3.2 billion for AlpInvest Strategic Portfolio Finance Fund II, the firm said Monday. That sum is above the $2 billion target and more than triple the size of its predecessor, a 2021-vintage vehicle that closed with about $900 million.
