AlpInvest Partners completes fundraising for its eighth co-investment fund, raising USD3.5bn

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AlpInvest Partners has raised USD3.5 billion for AlpInvest Co-Investment Fund VIII (ACF VIII). The Fund exceeds its USD3 billion target.

Rob de Jong, Managing Director & Co-Head of Co-Investments at AlpInvest, says: “This latest fundraise underlines AlpInvest’s strong performance, and the appetite for our differentiated co-sponsored approach acting as a partner in active deal settings, which is built on long-standing relationships with buyout fund managers. We believe that we are well-positioned to provide investors with the type of high-quality co-sponsor opportunities and diversification that they are seeking.”

Richard Dunne, Managing Director & Co-Head of Co-Investments at AlpInvest, says: “We are delighted with the continued support from our existing limited partners and to be welcoming new investors to AlpInvest’s co-investment platform. While the co-investment market continues to expand, AlpInvest’s co-investment offering combines decades-long experience of co-investing alongside deep and extensive relationships with buyout fund managers, which is key to our reputation as a trusted deal partner with demonstrated underwriting capabilities.”

ACF VIII is a dedicated co-investment fund that will seek to invest alongside top-tier GPs in private equity buyouts and growth capital transactions across industry sectors, globally. More than 120 new and existing investors committed capital to ACF VIII, including public pension funds, corporate pension funds, financial institutions, asset managers, foundations and family offices, that originate from over 35 countries spanning North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.

AlpInvest has committed more than USD12 billion to more than 280 equity co-investments over the past 20 years and currently has a dedicated 27-person Co-investment team based in New York, Amsterdam, Hong Kong, and San Francisco.