Carlyle AlpInvest Raises $20 Billion for Secondaries

admin September 4, 2025

AlpInvest Secondaries Program VIII reaches its hard cap of $15bn; platform surpasses $24bn with integrated Portfolio Finance strategy

New York, Amsterdam, London, and Hong Kong – September 4, 2025 – Carlyle AlpInvest, a leading global private equity investor, has successfully raised $20 billion for its global Secondaries strategy, anchored by the final close of AlpInvest Secondaries Fund VIII, the flagship fund within the AlpInvest Secondaries Program VIII (“ASP VIII”) which reached its $15 billion hard cap. The total amount raised for AlpInvest’s Secondaries strategy also includes $3.2 billion in co-investment commitments, as well as $2 billion for private wealth vehicles investing alongside ASP VIII, and represents a doubling of the firm’s investable capital in Secondaries investments over the predecessor program.

ASP VIII is a dedicated secondaries investment program focused on acquiring exposure to existing private equity assets by providing a range of liquidity solutions to both General Partners and Limited Partners — including the acquisition of fund interests, continuation funds, and other GP-Centered solutions. ASP VIII benefits from Carlyle AlpInvest’s integrated Secondaries and Portfolio Finance platform, which offers flexible, scalable solutions across the capital structure ranging from credit to equity.

More than 325 new and existing investors committed capital to ASP VIII, across institutional and wealth including insurance companies, public pension funds, corporate pension funds, financial institutions, asset managers, foundations, and family offices that originate from 50 countries spanning North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.

“The secondaries market has entered a new era in recent years, evolving from a niche liquidity tool into a core pillar of the private equity ecosystem,” said Chris Perriello, Partner and Global Head of Secondaries at Carlyle AlpInvest. “ASP VIII is purpose-built for this moment. It reflects our conviction in the long-term opportunity ahead and the strength of our integrated global platform. Reaching the program’s hard cap is a testament to the trust our investors place in our team and our ability to deliver flexible, creative solutions to both LPs and GPs around the world.”

“The broad support from both longstanding partners and new investors in ASP VIII is a clear endorsement of Carlyle AlpInvest’s track record and platform. Their confidence underscores the enduring relationships we have built with our limited partners and highlights the role Carlyle AlpInvest plays as a trusted partner,” said Ruulke Bagijn, Head of Carlyle AlpInvest.

“This fundraise is not only a milestone for our secondaries strategy, but also a validation of the integrated platform we’ve built across Secondaries and Portfolio Finance,” added Michael Hacker, Partner and Global Head of Portfolio Finance at Carlyle AlpInvest. “With over $24 billion raised for liquidity solutions across our platform, we are well positioned to provide private equity sponsors and investors with a comprehensive toolkit of liquidity and capital solutions. This scale and flexibility reflect the evolving needs of the market and the forward-looking strategy we’ve developed.”

Carlyle AlpInvest has committed more than $40 billion to more than 245 transactions across Secondaries and Portfolio Finance over the past 20 years and currently has a dedicated 60-person investment team based in New York, Amsterdam, London, and Hong Kong. In 2020, the firm’s seventh secondaries program raised $10.2 billion, including co-investment vehicles, exceeding its $8 billion target and also reaching its hard cap.

In addition, Carlyle AlpInvest recently raised over $4 billion for its Portfolio Finance strategies. Of this total, $3.2 billion was raised for AlpInvest Strategic Portfolio Finance Fund II (“ASPF II”), inclusive of parallel SMAs and co-investments. This brings total combined fundraising for Carlyle AlpInvest’s integrated Secondaries and Portfolio Finance platform to $24 billion.

About Carlyle AlpInvest
Carlyle AlpInvest is a leading global private equity investor with $97 billion of assets under management and more than 630 investors as of June 30, 2025. It has invested with over 385 private equity managers and committed over $113 billion across primary commitments to private equity funds, secondary transactions, portfolio financings, and co-investments. AlpInvest employs more than 265 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlylealpinvest.com.

Media Contacts

Brittany Bensaull
Phone: +1 212 813-4839
Brittany.Bensaull@carlyle.com

Isabelle Jeffrey
Phone: +1 (212) 332-6394
Isabelle.Jeffrey@carlyle.com

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Tags: Secondaries

Coller Capital Launches Global Distribution Partnership with Deutsche Bank for CollerEquity, its Flagship Evergreen Secondaries Fund

admin May 15, 2025 No Comments

Deutsche Bank Wealth Management and Coller enter distribution partnership to offer institutional-quality private equity secondaries to professional and qualified individual investors
This distribution partnership will provide Deutsche Bank wealth management clients access to CollerEquity, Coller Capital’s flagship evergreen private equity secondaries fund
CollerEquity provides Deutsche Bank’s wealth management clients access to Coller Capital’s 35 years of secondaries investment expertise and global platform

London & Zurich 15th May 2025 – Coller Capital, the world’s largest dedicated private market secondaries manager, has today launched a distribution partnership with Deutsche Bank. This partnership will see Coller Private Equity Secondaries Fund (CollerEquity or “The Fund”), offered to professional and qualified Deutsche Bank wealth management clients in Asia and selected countries in EMEA.

CollerEquity, which launched in July 2024, has net assets exceeding $800 million of capital in secondary private equity transactions. The Fund provides both institutional and qualified non-institutional clients with access to Coller Capital’s 35 years of secondaries investment expertise and global platform through a Luxembourg domiciled ‘SICAV’ structure.

The Fund’s portfolio consists of institutional quality private equity assets diversified by GP manager, and fund vintage as well as by geography and sector. Alongside diversification, the Fund seeks to deliver a combination of absolute and risk-adjusted returns and the opportunity for more liquidity than traditional private equity funds. The secondaries market is a critical provider of liquidity to the wider private capital ecosystem, with a record estimated volume of $160 billion in transactions completed during 2024. The Fund offers monthly subscriptions and quarterly redemptions. It can be accessed with a $50,000 minimum commitment.

CollerEquity and its regional feeder funds are available to professional and qualified investors in a range of global jurisdictions, including across Europe, the Middle East, Canada, Asia, and Australia in compliance with local law. The Fund’s clients are supported by Coller’s Private Wealth Secondaries Solutions (PWSS) team, which now consists of 50 dedicated professionals supported by the wider Coller platform.

Jake Elmhirst, Partner, Head of Private Wealth Secondaries Solutions and Deputy Head of Capital Formation at Coller Capital, said: “This global distribution partnership with Deutsche Bank will broaden access to CollerEquity through their extensive client network. We look forward to working in close collaboration with the bank’s expert advisers to help private wealth investors enhance their portfolios with the additional diversification, j-curve mitigation and attractive risk-return characteristics that private equity secondaries provide.”

Marco Zamberletti, Global Head of Advisory Solutions at Deutsche Bank Private Bank, added: “We are delighted to bring our clients access to top-tier private market secondaries opportunities through our partnership with Coller, in line with our focus on driving strong client outcomes and offering enhanced opportunities to build high-quality and resilient portfolios. We consider private markets secondaries as an integral portfolio component for our qualified clients and we will continuously expand our offering.”

Boris Maeder, Managing Director and Head of International Private Wealth Distribution, Coller Capital said: “Coller Capital has always been a pioneering investor. Within our wealth strategy that focus on innovation is no different. As investors increasingly seek strategies that are resilient to volatility and changing market conditions, we are seeing stronger than ever appetite for secondaries as a solution. Alongside our partners at Deutsche Bank, we’re honoured to be playing a leading role in making private markets more accessible for a widening universe of qualified investors.”

Coller Capital has offices in London, New York, Hong Kong, Beijing, Seoul, Luxembourg, Zurich, Melbourne, Montreal and Singapore. The firm manages $40 billion in secondaries across private equity, private credit, and other private market vehicles and has 35 years of experience in the secondary private capital market.

About Coller Secondaries Equity Fund – (‘CollerEquity’)

THIS IS A MARKETING COMMUNICATION IN RESPECT OF THE FUND.  PLEASE REFER TO THE PROSPECTUS, KEY INFORMATION DOCUMENT, GOVERNING AND OTHER RELEVANT DOCUMENTS FOR THE FUND BEFORE MAKING ANY INVESTMENT DECISION

Potential investors should be aware that an investment in the Coller Secondaries Equity Fund – (‘CollerEquity’) (including any related overflow, co-investment, or other vehicles, the “Fund”) is speculative and involves a high degree of risk, and is suitable only for those investors who have the financial sophistication and expertise to evaluate the merits and risks of an investment in the Fund and for which such Fund does not represent a complete investment program. An investment should only be considered by persons who can afford a loss of their entire investment. The following is a summary of only certain considerations and is qualified in its entirety by the more detailed risks and conflicts in the CollerEquity prospectus. Investors are urged to consult with their own tax and legal advisors about the implications of investing in the Fund. Fees and expenses can be expected to reduce the overall return of the Fund.

Investors should carefully consider the investment objectives, risks, charges and expenses of Coller Secondaries Equity Fund – (‘CollerEquity’). This and other important information about the Fund are contained in the prospectus. Please read the prospectus carefully before investing. The CollerEquity Prospectus can be found online.

General Risks. Coller Capital cannot ensure that it can choose, make and realize investments in any particular investment fund or portfolio of investment funds. There is no assurance CollerEquity will be able to generate returns for the investors or that returns will be commensurate with the risks of investing in the type of companies and investments in which CollerEquity may indirectly invest. An investment in CollerEquity should only be considered by persons who can afford a loss of their entire investment. There can be no assurance that CollerEquity’s investment objective will be achieved or that investors will receive a return on their capital. Any investment in CollerEquity entails risks, including but not limited to the risk of losing all or part of the amount invested. There can be no assurance that CollerEquity will be able to implement its investment strategy or achieve its investment objectives.

Specific risks: Lack of Operating History. Diversification. Competition. Limited Current Return. Illiquidity; Transfer Restrictions. Leverage. Exchange Rate Fluctuations.

Performance is generally subject to taxation which depends on the particular situation of each investor and which may change in the future. The operating or chosen currency of an investor may also impact upon returns that may be realised by that investor.

Capital is at risk and investors may not receive back the amount they invest. The strategy of the Fund does not guarantee a profit or ensure protection against losses. There can be no assurance that the Fund will achieve its objectives or avoid significant losses.

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Tags: Secondaries

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Carlyle AlpInvest Raises $20 Billion for Secondaries

Coller Capital Launches Global Distribution Partnership with Deutsche Bank for CollerEquity, its Flagship Evergreen Secondaries Fund