Amsterdam, New York and Zurich — June 26, 2025

Global investment firm Carlyle (NASDAQ: CG) and UBS’s Unified Global Alternatives (UGA) business, today announced their collaboration on an open-ended private equity secondaries initiative for wealth management clients.

The initiative aims to provide institutional-quality secondaries exposure with enhanced liquidity, diversification, and long-term value.

“This collaboration underscores our commitment to expanding access to world-class private market solutions while maintaining the rigor and discipline of our institutional platform,” said Shane Clifford, Global Head of Wealth at Carlyle. “By combining Carlyle AlpInvest’s global secondaries expertise with that of UBS’s Unified Global Alternatives business, our goal is to deliver a compelling solution to investors.”

“The secondaries market has grown and matured over the past two decades, and today we’re seeing one of the most active environments in years—with high-quality portfolios coming to market and a range of sellers seeking flexible solutions,” said Chris Perriello, Global Head of Secondaries at Carlyle AlpInvest. “With a long history of sourcing and executing complex secondary transactions globally, this initiative is a natural way to bring that expertise to a broader set of investors.”

Jerry Pascucci, Co-Head of UGA at UBS, said: “We are proud to innovate with the world’s premier GPs, capitalizing on the scale, breadth, and resources of our leading private markets franchises to serve clients’ investment needs across the spectrum of alternative investment strategies.”

“We are delighted to collaborate with Carlyle AlpInvest, combining our deep experience to deliver private equity secondary market opportunities for clients. With this collaboration, we can also bring together Carlyle’s expertise with UGA’s global network and sourcing relationships to drive a robust deal funnel,” added Johannes Roth, Co-Head of UGA at UBS.

This communication does not constitute an offering of securities in the United States or to U.S. Persons (as defined in Regulation S under the U.S. Securities Act of 1933).  This communication is not, and under no circumstances is to be construed as, a prospectus or advertisement for the public offering of any securities in the United States.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $453 billion of assets under management as of March 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About UBS Unified Global Alternatives (UGA)

UBS’s Unified Global Alternatives (UGA) business brings together our leading alternatives manager selection franchises from Asset Management and Global Wealth Management. With combined invested assets of approximately $295 billion, UGA is one of the leading global alternative LPs. To serve our clients’ alternative investment needs, UGA maintains, manages and curates one of the world’s premier open architecture platforms across hedge funds, private equity, private credit, real estate, infrastructure and multi-alternative investment products. We are also able to provide access to exclusive co-investments and secondary market opportunities for our more sophisticated clients.

Carlyle

Media:

Brittany Berliner
+1 (212) 813-4839
brittany.berliner@carlyle.com

London/Luxembourg, June 18, 2025 – AURELIUS, a global private equity investor with operations in Europe and North America, successfully closed AURELIUS Opportunities V (“Fund V”) following a significantly oversubscribed process that was completed after only five months of marketing. Given high demand, AURELIUS capped the size of Fund V to maintain investment discipline and preserve the exceptional performance record built over the last 20 years. AURELIUS now has a new capital pool of EUR 830m available. It follows in the footsteps of its top-decile EUR 540m 2021 co-investment structure of AURELIUS European Opportunities Fund IV (“Fund IV”) and AUR Portfolio III.

Focused on mid-market investments, Fund V will invest in corporate carve-outs, platform build-ups and complex buy-out situations for companies with annual revenues of at least EUR 100m. It will invest equity of up to EUR 150m to acquire enterprises with potential for operational improvement in Europe and North America.

As with its predecessor, Fund V portfolio companies will be advised by AURELIUS’ operations advisory team, recently named AURELIUS WaterRise, which will seek to create value by implementing the same proven strategy AURELIUS has been utilising for two decades: providing hands-on support and bespoke advice with its more than 180 global specialists.

Following the outstanding success of Fund IV – currently ranked in the top 5% across all industry benchmarks[1] – AURELIUS raised Fund V from more than 90% of its existing investor base and a number of new blue-chip LPs. The investor group includes a wide range of institutional investors, such as prestigious US and European university endowments, pension funds, insurance companies, family offices and charitable foundations.

Fabian Steger, Managing Director Fund IV and Fund V, says: “We are delighted to have seen such strong demand for our new Fund V, especially considering the challenging economic and geopolitical environment we find ourselves in. This is testament to the success of its predecessor fund, and we recognise our responsibility to do all we can to emulate it. We would like to thank our new investor group for the trust they are showing in us.”

Dirk Markus, AURELIUS’ co-founder, adds: “Being able to close Fund V just ahead of our 20-year anniversary celebrations is especially gratifying. Many conversations with potential investors have shown that they want GPs to go back to the basics of improving the operational performance of their portfolio companies, rather than relying on financial leverage or multiple expansion. AURELIUS has no need to ‘go back’ – we have been all about operational excellence since our inception in 2005.”

Aurelius Investment Advisory Limited is an Appointed Representative of Langham Hall Fund Management LLP, which is authorised and regulated by the Financial Conduct Authority of the UK.

Asante Capital Group acted as exclusive global placement agent.

For further inquiries, please contact:

Harald Kinzler
Head of Communications
harald.kinzler@aurelius-group.com
+44 7510 385 551

[1] Benchmark figures sourced from Cambridge Associates ex-US Q2 2024 Private Equity Benchmarks. AURELIUS Midmarket performance data as at Q3 2024. No fees were paid in connection with this benchmarking.

ABOUT AURELIUS

AURELIUS is a globally active alternative investor, distinguished and widely recognised for its operational approach. It focuses on Private Equity, Private Debt and Real Estate. Its key investment platforms include AURELIUS European Opportunities IV, AUR Portfolio III and AURELIUS Growth Investments (Wachstumskapital). AURELIUS has been growing significantly in recent years, particularly expanding its global footprint, and today employs more than 400 professionals in 9 offices spanning Europe and North America.

AURELIUS is a renowned specialist for complex investments with operational improvement potential such as carve-outs, platform build-ups or succession solutions as well as bespoke financing solutions. To date, AURELIUS has completed more than 300 transactions, building a strong track record of delivering attractive returns to its investors. Its approach is characterised by its uncompromising focus on operational excellence and an unrivalled ability to efficiently execute highly complex transactions.

More info: www.aurelius-group.com

Since 2015, Scalable Capital has provided retail investors with access to simple and cost-effective investment options.

Today, clients in Europe can invest in ETFs, stocks, funds, bonds, cryptocurrencies, derivatives, and Private Equity. Broker clients receive attractive interest rates on their cash from our partner banks and have instant access to low-cost securities-backed loans against their portfolio.

This is the company’s largest funding round to date, taking the total raised to more than €470 million. The round was led by Sofina and Noteus Partners, with support from existing investors including Balderton. Balderton’s first investment was in 2023.

At the end of last year, Scalable Capital launched the European Investor Exchange. This exchange is specifically tailored to the needs of retail investors in Europe. Recently, the Scalable Broker has also begun offering private equity investments: through ELTIFs (European Long-Term Investment Fund), eligible clients can invest in this attractive asset class on equal footing with institutional investors such as insurance companies or pension funds.

Starting this summer, Scalable will also be available for the next generation: with kids’ accounts, parents can use the Scalable Broker to invest in their children’s financial future.

Brings Total Assets Raised Across Hybrid and Opportunistic Credit Business to $40 Billion

NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced it has closed on $8.5 billion in total commitments for the Accord+ strategy, inclusive of $4.8 billion for Accord+ Fund II (“the Fund”) as well as separately managed accounts and related structures. The successful close of the second vintage exceeds internal targets and brings total assets for Apollo’s hybrid credit business to approximately $40 billion.

Accord+ II employs an opportunistic strategy focusing on high-conviction investments across the credit spectrum. The Fund is expected to tactically allocate to high quality, top of the capital structure investments across both private corporate credit and asset-backed finance as well as secondary opportunities as informed by prevailing market conditions.

“As rates stay higher-for-longer and volatility impacts capital flows, we see an attractive market for opportunistic credit investments, alongside our highest-conviction themes,” said Chris Lahoud, Partner and Head of Opportunistic Credit at Apollo. “We believe our scaled, integrated Credit platform positions us well to execute with speed and certainty in all market environments, including periods of dislocation.”

John Zito, Co-President of Apollo Asset Management and Head of Credit, added, “We are pleased to see strong investor demand for the latest vintage of our Accord+ series, which we view as a result of our investment acumen, alignment and the market opportunity at hand. Accord+ is also a great illustration of our focus on product innovation, building upon the original Accord dislocation strategy to respond to investor needs and deploy capital to many of our best ideas throughout market cycles.”

The Accord+ II close reflects broad support from a global and diverse group of investors including pension funds, sovereign wealth funds, financial institutions and family offices. Apollo intends to continue building its Accord strategy family within its hybrid business, including future funds and bespoke credit solutions tailored to institutional and wealth clients.

Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Apollo in connection with the closing of the Accord+ II Fund.

About Apollo
Apollo is a global, high-growth alternative asset manager. In its asset management business, Apollo seeks to provide clients excess return at every point along the risk-reward spectrum from investment grade to private equity, with a focus on three core strategies: yield, hybrid, and equity. For more than three decades, Apollo’s investing expertise across its fully integrated platform has served the financial return needs of clients and provided businesses with innovative capital solutions for growth. Through Athene, Apollo’s retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Apollo’s patient, creative, and knowledgeable approach to investing aligns its clients, the businesses it invests in, its team members, and the communities it impacts to expand opportunity and drive positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

Apollo Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

AlpInvest Strategic Portfolio Finance Fund II (“ASPF II”) exceeds its initial target and more than triples prior program size at $3.2 billion when including parallel SMAs and co-investments

Successful fundraise coincides with the closing of multiple Senior Portfolio Lending mandates and co-investments, bringing new capital raised for AlpInvest’s Portfolio Finance Platform to over $4 billion

New York and London, April 7, 2025 – AlpInvest Partners, a leading global private equity investor and subsidiary of Carlyle (NASDAQ: CG), has raised $3.2 billion for AlpInvest Strategic Portfolio Finance Fund II (“ASPF II”), inclusive of parallel SMAs and co-investments, exceeding its initial target and more than tripling the size of its prior program, ASPF I. Including the simultaneous closing of multiple Senior Portfolio Lending mandates and co-investments, which invest in investment grade Portfolio Financings, total new capital raised for AlpInvest’s Portfolio Finance platform exceeds $4 billion.

The fund, ASPF II, provides financing solutions to private equity funds, GPs, and LPs. It also pursues Credit Secondaries investments, which support an optimized portfolio construction. The fund takes a private credit approach, emphasizing downside mitigation through cross-collateralization, diversification, and significant equity overcollateralization, while offering cash yield and optimized duration. Leveraging AlpInvest’s leadership in the global secondaries market, ASPF II benefits from the firm’s integrated Secondaries and Portfolio Finance platform, which provides a full range of solutions from credit to equity as well as deep relationships with over 380 GPs worldwide.

“The strong investor demand for ASPF II and our broader Portfolio Finance strategy is a testament to the market’s recognition of our differentiated approach and the value our solutions bring to private equity sponsors and investors,” said Michael Hacker, Global Head of Portfolio Finance at AlpInvest. “With over $4 billion in total capital raised this cycle, we are now well-positioned to leverage our deep GP relationships, extensive structuring expertise, and the scale of the broader AlpInvest platform to deliver innovative and flexible financing solutions. This milestone represents the full realization of our vision for Portfolio Finance as a key pillar of the AlpInvest platform.”

ASPF II received backing from a broad mix of institutional investors globally, including insurance companies, sovereign wealth funds, pensions, corporations, and family offices, and received very strong support from existing investors in ASPF I.

“We are pleased to close ASPF II with such strong support from a range of investors, underscoring the caliber of our team, the capabilities of the AlpInvest platform, and the momentum and demand we are seeing across our offering of portfolio financing solutions,” said Ruulke Bagijn, Head of Carlyle AlpInvest. “This successful fundraise is a testament to our extensive track record of performance and our global GP relationships.”

Chris Perriello, Global Head of Secondaries at AlpInvest, added: “We were among the first global players to recognize that Portfolio Finance would be an essential strategic complement to our existing Secondaries platform. This approach allows us to offer flexible solutions to GPs and LPs while enhancing liquidity and optimizing portfolios.”

ASPF II has already executed 10 transactions, spanning financings for private equity and private credit funds, GP commitment financings, LP portfolio recapitalizations for sovereign wealth funds and asset managers, and Credit Secondaries such as the spinout of Norwest Mezzanine Partners.

About AlpInvest

AlpInvest, a subsidiary of Carlyle (NASDAQ: CG), is a leading global private equity investor with $85+ billion of assets under management and more than 500 investors as of December 31, 2024. 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 250 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlylealpinvest.com.

Media Contacts

U.S.

Isabelle Jeffrey

+1 (212) 332-6394

isabelle.jeffrey@carlyle.com

EMEA

Nicholas Brown

nicholas.brown@carlyle.com

+44 7471 037 002

The company is partnering with Bain Capital and Partners Group to meet evolving client needs

Radnor, PA – March 19, 2025 – Lincoln Financial (NYSE: LNC), a leading provider of insurance, annuities, group benefits, and retirement solutions, announces its expansion into the rapidly growing private markets industry, partnering with Bain Capital, a leading global private investment firm, and Partners Group, one of the largest firms in the global private markets industry, to launch two new private markets-focused funds.  Lincoln expects the new offerings to be available in late 2025.

“Powered by industry-leading distribution capabilities, a vast network of strategic partner relationships and a nearly 120-year track record of serving customer needs, Lincoln, in partnership with Bain Capital and Partners Group, is well-positioned to deliver innovative and differentiated investment solutions,” said John Kennedy, executive vice president, Chief Distribution & Brand Officer. “This collaboration is a natural extension of Lincoln’s long-standing partnerships with top-tier asset managers and furthers our ability to provide consultative support for financial professionals to meet the evolving needs of their clients.”

Bain Capital will partner with Lincoln Financial to provide investors access to an evergreen fund offering focused on a globally varied portfolio of private credit investments, including direct lending, asset-based finance, and structured credit. With more than 25 years of multi-asset credit investing experience, Bain Capital will leverage its dynamic approach to investing and the deep expertise of its team to source, analyze, and execute compelling opportunities across global debt markets.

Lincoln Financial is partnering with Partners Group to launch an evergreen fund that will provide access to a globally varied cross-sector private markets royalty portfolio. Partners Group will follow a relative value approach to invest across both well-established royalty sectors, such as intellectual property assets in the pharmaceutical and entertainment industries, and emerging high-growth sectors like energy transition, sports, and brands. The fund will look to employ a range of structures, including direct purchases of royalties, creating royalties, and lending against royalties.

“Private market investments have been a staple within the portfolios of institutional and high-net-worth investors for decades. However, in recent years, the demand from individual investors has increased as they seek access to the return potential and diversification benefits that private markets can bring to a well-diversified portfolio,” said Jayson Bronchetti, executive vice president, Chief Investment Officer.  “The private market investment strategies we have deployed through our multi-manager framework have enabled us to drive value within our own investment portfolio,” Bronchetti added. “We are thrilled to leverage our asset management relationships and investment and fund structure expertise to create private market funds for our customers to invest directly into these strategies with Bain Capital and Partners Group.”

“By combining our deep expertise in private markets with Lincoln’s innovative, expansive distribution platform, we can further expand access to private markets for more investors,” said John Wright, Partner and Global Head of Credit at Bain Capital. “We look forward to partnering with an institution that has spent more than a century building a legacy of trust, financial stewardship, and value creation for its clients.”

“We’re excited to extend our long-standing strategic partnership with Lincoln to bring a new offering to the US private wealth market,” said Nicholas Hegarty, Managing Director and Co-Head of Client Solutions Americas at Partners Group. “Our 20-year plus track record in managing bespoke evergreen solutions and deep expertise in private markets royalties, coupled with Lincoln’s market-leading distribution capabilities, provide strong foundations from which to deliver a very impactful private markets solution.”

Industry veteran Tom Morelli, Investment Distribution, was recently hired to advance Lincoln’s distribution efforts with private market funds and other investment solutions, leveraging Lincoln’s broad set of capabilities and expertise across distribution and investments.

About Lincoln Financial
Lincoln Financial helps people confidently plan for their vision of a successful financial future. As of December 31, 2024, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of December 31, 2024, the company has $321 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates, including broker-dealer/affiliate Lincoln Financial Distributors, Inc.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Partners Group
Partners Group is one of the largest firms in the global private markets industry, with around 1,800 professionals and over USD 150 billion in overall assets under management. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties. With its heritage in Switzerland and its primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to transform businesses and assets into market leaders. For more information, please visit http://www.partnersgroup.com.

Registration statements for each of the evergreen funds have been filed with the Securities and Exchange Commission and are available from the EDGAR database on the SEC’s website (www.sec.gov). The information in the registration statements is not complete and may be changed. The securities of neither fund may be sold until its registration statement is effective. An investor should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information about each fund will be contained in the fund’s final prospectus, which investors should read carefully when available from the EDGAR database on the SEC’s website (www.sec.gov). This communication is not an offer to sell the shares of either fund and is not soliciting an offer to buy the shares of either fund in any state where the offer or sale is not permitted.

Bain Capital and Partners Group are not affiliated with Lincoln Financial.

Following the recent official launch of Gimv Anchor, a collaboration between Gimv and WorxInvest to support Gimv’s growth ambitions, Gimv is pleased to announce the arrival of Bart Troubleyn as Head of Gimv Anchor. In that capacity, Bart will also become a member of Gimv’s Executive Committee.

Based on Gimv’s expertise and experience of building leading companies, Gimv Anchor wishes to embark on a long-term pathway for growth together with companies  that have a promising compounding growth potential.

Last February, Gimv announced the incorporation of Gimv Anchor Investments through which Gimv and WorxInvest are joining forces around this long-term investment approach, as well as Cegeka as Gimv Anchor’s first investment.

Gimv is therefore pleased to announce that the Board of Directors has appointed Mr. Bart Troubleyn to head Gimv Anchor. As a Managing Partner, Bart will also become a member of Gimv’s Executive Committee. Bart will take on the role of Head of Anchor as of mid-April, working closely with all Managing Partners and teams of the Gimv platforms in terms of both deal sourcing and in further strengthening the active value creation across platforms.

Bart has a solid track record as CEO, COO, and business consultant working for and with both large global corporations and entrepreneurial family-owned businesses, including Sea Invest, Manuchar and Roland Berger. Bart gained extensive international experience across different continents.

Filip Dierckx, Chairman of the Board of Directors, and Koen Dejonckheere, CEO, jointly declare: “We are delighted to welcome Bart to lead Gimv Anchor. With a proven track record in general management, strategy, M&A, corporate restructuring and IT/digital transformation, Bart brings a wealth of experience to Gimv. We wish him lots of success and look forward to working together to further develop Gimv Anchor as a long-term growth driver for Gimv.”

Bart Troubleyn, Head of Gimv Anchor, adds: “It is an honor to take on the role of Head of Gimv Anchor and contribute to Gimv’s ambitious plans to accelerate growth and create value by building leading companies. I look forward to working with the Gimv Team in realizing the mission of Gimv Anchor: supporting companies with a promising long-term growth potential by providing them with capital, knowledge and experience to boost that further growth.”