AlpInvest Partners has raised $4.1bn for its ninth co-investment fund, AlpInvest Co-Investment Fund IX (ACF IX), exceeding the size of its $3.5bn predecessor closed in 2021.

The fund reached its initial fundraising target alongside several related strategic mandates.

The fund attracted capital from more than 185 global investors, including public and corporate pension funds, financial institutions, asset managers, foundations, and family offices across North America, Latin America, Europe, the Middle East, and Asia.

ACF IX will invest alongside high-quality general partners in private equity buyouts and growth capital deals globally.

Richard Dunne, Managing Director and Co-Head of Co-Investments at AlpInvest, commented: “This highlights the depth of our co-investment platform, our strong track record, and our focused approach.”

Co-Head Roberto Torrini added: “This latest fundraise underscores AlpInvest’s consistent performance and our reputation as a trusted co-investment partner.”

Ruulke Bagijn, Global Head of AlpInvest, said the fund’s successful close reflects the firm’s commitment to delivering “innovative and differentiated solutions that we believe create long-term value.”

Over the past 25 years, AlpInvest has committed over $19bn across more than 400 equity co-investments. The firm currently manages $89bn in assets and operates a 37-person co-investment team across New York, Amsterdam, and Hong Kong.

If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com. 

Can`t stop reading? Read more.