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Doeksen steps back at Carlyle’s AlpInvest

Volkert Doeksen, the chairman and managing director of The Carlyle Group’s private equity fund of funds, AlpInvest Partners, has been transferring day to day management responsibilities to other executives at the group over the past two years.

AlpInvest makes promotions

AlpInvest Partners has promoted Michael Hacker to managing director and Michael Camacho to principal. Both joined AlpInvest’s secondary investment team in New York in 2007.

Carlyle and AlpInvest in Indiana life sciences funds deal

The Carlyle Group and AlpInvest Partners have assumed management of two funds of funds with a focus on Indiana life sciences companies: the Indiana Future Fund, a $72.6 million fund of funds, and its $58 million successor, the INext Program. The transfer from a third party brings assets managed by Carlyle and AlpInvest in the state to approximately $438 million.

Carlyle’s AlpInvest Partners reaches $4.2bln for secondaries program

AlpInvest PartnersAlpInvest Secondaries Program has reached $4.2 billion, including AlpInvest Secondaries Fund V closing at its hard cap of $750 million. The ASP is a dedicated secondaries program that has acquired positions in existing private equity funds and interests in privately held companies since 2012.

Enanta Pharmaceuticals Announces IPO pricing

Enanta Pharmaceuticals, a research and development-focused biotechnology company has announced the pricing of its initial public offering of 4,000,000 shares of its common stock at a price to the public of $14.00 per share. Enanta is backed by Advent International, AlpInvest Partners, Alpha Associates, BioVentures Investors, Global Biomedical Partners, Lancet Capital, Oxford Bioscience Partners, TVM Capital and Wheatley Partners.

NXP Selling Shareholders Start Secondary Offering

NXP Semiconductors principal stockholders including AlpInvest Partners, Apax Partners, Bain Capital Partners and Silver Lake Technology Management have started a registered secondary offering of 25,000,000 shares of common stock pursuant to NXP’s shelf registration statement on Form F-3. NXP will not receive any proceeds from the sale of shares in the offering.

AlpInvest Expands Hong Kong Office with Secondary Investments

AlpInvest Partners is expanding its Hong Kong office with a dedicated secondary investments team. The secondaries team in Asia will be helmed by Neal Costello, who recently relocated from the firm’s New York office. He will be joined by Nicole Ying Su, who moved from the AlpInvest secondary investments team in Amsterdam. PRESS RELEASE AlpInvest […]

Nielsen’s PE Backers Look to Sell Down Holdings

TV ratings firm Nielsen Holdings has launched a follow-on offering that will allow its private-equity backers to sell as much as $760 million worth of shares, according to Reuters‘ publication IFR. The offering will allow private equity backers Blackstone, Carlyle, KKR, Thomas H. Lee, Hellman & Friedman, AlpInvest Partners and Centerview Capital to sell down […]

Rubenstein Predicts PE Consolidation

(Reuters) – David M. Rubenstein, co-founder of buyout firm Carlyle, said Asia’s private equity industry will likely rise to challenge U.S. and European dominance of the sector over the next five to 10 years. Rubenstein, who co-founded Carlyle in 1987, said he expects some of China’s current crop of private equity firms to rival U.S. […]

Carlyle, Large Money Managers Most Likely Bidders For AXA PE–UPDATED

Today’s big news is that AXA has put its private equity fund manager up for sale.

Credit Suisse is advising on the sale, according to my coworkers at Thomson Reuters. AXA PE could be valued at roughly 500 million Euros or $672 million, Bloomberg News says. Sky News, which first reported the sale, says AXA PE could fetch $1.5 billion.

Paris-based AXA PE manages roughly $28 billion of assets. The unit is part of AXA Investment Managers.

Who would be interested? The most likely buyer is the Carlyle Group which inked a similar deal earlier this year, sources say. Washington D.C.-based Carlyle agreed to buy a 60% stake in AlpInvest Partners, a fund of fund firm that also makes direct investments, earlier this year. AlpInvest had 32.3 billion Euros (US$43.3 billion) in assets at the time. Harbourvest Partners and Grosvenor Capital Management had reportedly bid for AlpInvest but lost, according to press reports.

Carlyle To Take AlpInvest in Management Buyout

Dutch private equity firm AlpInvest Partners will be bought by a joint venture between the Carlyle Group and AlpInvest’s management, Reuters reported. Financial terms were not released. Two Dutch pension managers, APG and PGGM, are selling their stakes in AlpInvest, but will continue to commit funds to the group, Reuters said. AlpInvest has more than 40 billion euros in funds and commitments.

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