Carlyle Nearing Deal For AlpInvest

Dec 23 2010 | 10:09am ET

The Carlyle Group is moving towards a deal to buy Europe’s largest private equity investor, a move that could increase its assets under management by about 50%.

Amsterdam-based AlpInvest Partners put itself up for sale this summer and is now in talks with Washington, D.C.-based Carlyle. According to published reports, a deal is not imminent but could be reached in the first quarter.

AlpInvest has some €40 billion in assets under management; Carlyle has almost US$100 billion. The latter is preparing to go public sometime in 2012.

AlpInvest is owned by APG, the asset manager for the giant Dutch pension ABP, and PGGM Investments. PGGM’s questioning of its future relationship with AlpInvest pushed the manager to put itself up for sale.

In July, it was reported that the Blackstone Group was very interested in buying AlpInvest and was considered a strong potential bidder. At the time, it appeared likely that the firm’s management would buy it.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.