Leading global private equity investor AlpInvest Partners has announced the raising of $4.1 billion for AlpInvest Co-Investment Fund IX. ACF IX and related strategic mandates reached the initial fundraising target, with the fund exceeding its predecessor, which closed at $3.5 billion in 2021.
ACF IX is a dedicated co-investment fund that will invest alongside high-quality general partners (GPs) in private equity buyouts and growth capital transactions across various global industry sectors. Over 185 new and existing investors committed capital to ACF IX, including public pension funds, corporate pension funds, financial institutions, asset managers, foundations, and family offices, spanning North America, Latin America, Europe, the Middle East, and Asia.
Over the past 25 years, AlpInvest has committed over $19 billion to more than 400 equity co-investments and currently maintains a dedicated 37-person co-investment team based in New York, Amsterdam, and Hong Kong.
KEY QUOTES:
“We are pleased to announce the close of ACF IX, which hit $4.1 billion and surpassed the size of our prior fund, with strong support from both existing and new investors. This highlights the depth of our co-investment platform, our strong track record, and our focused approach. We believe we are well-positioned to provide investors with the high-quality and diversified opportunities they’re looking for.”
Richard Dunne, Managing Director and Co-Head of Co-Investments at AlpInvest
“Building on the success of our previous co-investment programs, we believe this latest fundraise underscores AlpInvest’s consistent performance and our reputation as a trusted co-investment partner. As the market continues to evolve, we remain focused on leveraging our scale, experience, and long-standing sponsor relationships to access highly attractive opportunities for our investors.”
Roberto Torrini, Managing Director and Co-Head of Co-Investments at AlpInvest
“With the closing of ACF IX, we continue to build momentum across the AlpInvest platform. It’s a testament to our team’s expertise and commitment to delivering innovative and differentiated solutions that we believe create long-term value for our investors.”
Ruulke Bagijn, Global Head of AlpInvest
