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

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...