19-05-2025
Carlyle's AlpInvest Bundles Private Equity Stakes in $1 Billion Financing
Carlyle Group Inc. 's private equity platform AlpInvest is preparing to sell a roughly $1 billion structured finance instrument backed by cash flows from some of the buyout funds it oversees, according to people with knowledge of the matter.
Evercore Inc. is arranging the collateralized fund obligation, which will include at least one debt portion as well as a riskier first-loss piece, said the people, who asked not to be named because they're not authorized to speak publicly. AlpInvest is packaging some of its so-called secondaries funds into the deal, the people added. Secondaries funds buy existing private equity fund stakes from investors seeking an exit.
