Thursday, 8 October 2015
Last updated 4 hours ago
Jul 19 2010 | 1:00pm ET
AlpInvest Partners is for sale, and the Blackstone Group is very interested.
Europe’s largest private equity investor put itself up for sale two weeks ago after one of its flagship investors, the Dutch pension fund manager PGGM Investments, called into question its future relationship with the money manager. While the firm is still expected to be sold to its management team, led by CEO Volkert Doeksen, Blackstone is also regarded as a strong bidder, Financial News reports.
AlpInvest has received expressions of interest from several institutions, according to FN, among them are other asset management firms and sovereign wealth firms. The auction of AlpInvest is being run by Credit Suisse Group.
AlpInvest currently boasts €46 billion in commitments from its pension fund clients.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…