Carlyle AlpInvest Secures $20 Billion for Secondary Deals, Doubles 2020 Fundraising

Carlyle AlpInvest raised $20 billion for its secondary investing program, with most capital going to its AlpInvest Secondaries Fund VIII, which closed at its $15 billion upper limit. This is nearly double the amount collected for a predecessor program in 2020. The alternative investment manager aims to invest in secondary deals, such as buying stakes in companies from existing investors.