AlpInvest leads secondary process for ex-Clinton adviser’s investment firm

Stagwell Group, Carlyle Group, AlpInvest Partners, Mark Penn, Steve Ballmer, private equity, merger, M&A
President Bill Clinton (L) speaks with adviser Mark Penn (C) and journalist David Talbot on Dec. 31, 1997. Photo by Joe Talbot, White House photographer, sourced from Wikimedia Commons.
  • Stagwell wants to cash out early investors and raise fresh capital for investments
  • Unclear if AlpInvest is leading deal on its own or part of consortium
  • Stagwell is led by ex-Clinton adviser Mark Penn
AlpInvest Partners is lead investor in a liquidity process by Stagwell Group, the investment firm formed by ex-Bill Clinton adviser Mark Penn, sources told Buyouts. It’s not clear if AlpInvest is leading a consortium or working alone. Chris Ullman, spokesman ...

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