AlpInvest Co-Investment Fund IX (“ACF IX”) and related strategic mandates hit initial fundraising target with ACF IX exceeding its prior fund size at $4.1 billion
New York, Amsterdam, and Hong Kong, June 3, 2025 – AlpInvest Partners, a leading global private equity investor, has raised $4.1 billion for AlpInvest Co-Investment Fund IX (“ACF IX” or the “Fund”). ACF IX and related strategic mandates reached the initial fundraising target with the Fund exceeding its predecessor, which closed at $3.5 billion in 2021.
ACF IX is a dedicated co-investment fund that will seek to invest alongside high-quality GPs in private equity buyouts and growth capital transactions across industry sectors globally. More than 185 new and existing investors committed capital to ACF IX, including public pension funds, corporate pension funds, financial institutions, asset managers, foundations and family offices, spanning North America, Latin America, Europe, the Middle East, and Asia.
“We are pleased to announce the close of ACF IX, which hit $4.1 billion and surpassed the size of our prior fund, with strong support from both existing and new investors. This highlights the depth of our co-investment platform, our strong track record, and our focused approach,” said Richard Dunne, Managing Director and Co-Head of Co-Investments at AlpInvest. “We believe we are well-positioned to provide investors with the high-quality and diversified opportunities they’re looking for.”
“Building on the success of our previous co-investment programs, we believe this latest fundraise underscores AlpInvest’s consistent performance and our reputation as a trusted co-investment partner,” said Roberto Torrini, Managing Director and Co-Head of Co-Investments at AlpInvest. “As the market continues to evolve, we remain focused on leveraging our scale, experience, and long-standing sponsor relationships to access highly attractive opportunities for our investors.”
Ruulke Bagijn, Global Head of AlpInvest, added: “With the closing of ACF IX, we continue to build momentum across the AlpInvest platform. It’s a testament to our team’s expertise and commitment to delivering innovative and differentiated solutions that we believe create long-term value for our investors.”
Over the past 25 years, AlpInvest has committed over $19 billion to more than 400 equity co-investments and currently has a dedicated 37-person co-investment team based in New York, Amsterdam, and Hong Kong.
About AlpInvest
AlpInvest is a leading global private equity investor with $89 billion of assets under management and more than 600 investors as of March 31, 2025. It has invested with over 380 private equity managers and committed over $100 billion across primary commitments to private equity funds, secondary transactions, portfolio financings and co-investments. AlpInvest employs more than 230 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlylealpinvest.com.
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