In 1999, AlpInvest Partners became the first exclusive private equity manager for a public pension fund. The Firm is duly committed to continually innovating and expanding the indirect private equity investing business model. AlpInvest Partners' systematic and creative approach to creating customized solutions has led to the following landmark transactions:
The largest private equity team spin-out: AlpInvest Partners served as lead investor in the €1.5 billion divestiture by Deutsche Bank of its entire direct and co-investment private equity portfolio, consisting of over 100 companies. It remains the largest secondary transaction to date. AlpInvest Partners' solution provided the new firm, subsequently renamed MidOcean Partners, the capital to acquire the portfolio, as well as capital for new investments.
The first leveraged recapitalization of an existing portfolio: AlpInvest Partners was lead investor and underwrote an equity strip in a $500 million newly formed vintage fund-of-funds consisting of approximately 40 underlying private equity partnerships. The Secondary Investments team's solution allowed the seller to improve the return profile of its on-balance sheet private equity portfolio and retain upside potential in the assets, while rebalancing its overall private equity exposure.
Manager spin-out from one of the world's largest financial institutions: AlpInvest Partners helped orchestrate the spin-out of Court Square Capital—a leading upper middle-market manager with a 30-year history—from Citigroup and now serves as the Firm's anchor limited partner.
The first dedicated, global co-investments team: AlpInvest Partners formed the industry's first dedicated, global co-investments team. With experienced team members in Amsterdam, Hong Kong, and New York, AlpInvest Partners is positioned to respond swiftly to co-investment opportunities around the world.
