equity predecessor nib capital founded 1999 headquarters new york new york u.s. amsterdam netherlands hong kong key people volkert doeksen chairman paul de klerk cfo coo products fund investments secondaries co investments mezzanine total assets 48 billion june 30 2013 1 number of employees 130 2013 parent the carlyle group website www.alpinvest.com alpinvest partners is a private equity asset manager with 48 billion of assets under management as of june 30 2013 . alpinvest s global investor base includes two large dutch pension funds abp and pfzw which were previous shareholders of the company as well as institutional investors from north america asia europe south america and africa . alpinvest operates three investment teams focused on private equity fund investments secondary investments and co investments . alpinvest pursues investment opportunities across the entire spectrum of private equity including large buyout middle market buyout venture capital growth capital mezzanine distressed and sustainable energy investments . in 2011 the firm was acquired by a joint venture between alpinvest management and the carlyle group and since august 2013 alpinvest has operated as a subsidiary of carlyle . founded in 1999 alpinvest has offices in new york amsterdam hong kong and indianapolis with over 75 investment professionals and over 130 employees . contents 1 investment programs 2 investors and beneficiaries 3 history 3.1 milestones 3.2 awards 4 private equity fund investments 5 secondary investments 6 private equity and mezzanine co investments 7 see also 8 notes 9 references 10 external links investment programs edit the company flag outside its office in amsterdam with over 48 billion of funds under management alpinvest is one of the largest investors in the private equity asset class globally . 2 3 4 5 alpinvest pursues investment opportunities across the entire spectrum of private equity including large buyout middle market buyout venture capital growth capital mezzanine distressed and sustainable energy investments . alpinvest also invests across the range of private equity investment channels primary fund investments secondary investments co investments alpinvest invests primarily in private equity limited partnerships and effectively acts as a fund investor making commitments to private equity funds globally . among the most notable firms with which alpinvest is invested include kohlberg kravis roberts blackstone group providence equity partners and tpg capital as well as many of the leading middle market private equity firms and venture capital firms . 6 alpinvest will invest with these firms either by making commitments to new investment funds or by purchasing funds through the private equity secondary market . alpinvest is one of the largest private equity fund investors and is also among the largest and most active and experienced investors in private equity secondaries . alpinvest also invests directly alongside some of the largest private equity investors through an active co investment program and will make mezzanine debt investments into companies owned by financial sponsors . 7 following this spin off of its european middle market leveraged buyout platform which was subsequently renamed taros capital 8 alpinvest by itself no longer makes control investments directly in privately held companies but rather invests alongside selected private equity managers . investors and beneficiaries edit alpinvest s primary beneficiaries are the 4.8 million participants in the pension funds stichting pensioenfonds abp abp and stichting pensioenfonds zorg en welzijn pfzw formerly pggm both based in the netherlands . abp and pfzw collectively had assets of over 500 billion as of december 31 2012 and are among the largest pension funds in the world . prior to 2011 alpinvest had not historically solicited capital from other investors or institutions . following its spinout from the dutch pension funds alpinvest has been actively raising capital from institutional investors in north america europe asia south america and africa . among alpinvest s most notable u.s. clients are municipal employees retirement system of michigan mers 9 and indiana public retirement system inprs . 10 11 history edit the logo used by alpinvest n.v. a publicly quoted investment vehicle and predecessor of alpinvest partners the logo used by nib capital private equity the direct predecessor of alpinvest partners alpinvest as it is currently known was established in 1999 as an initiative by its two sponsors the dutch pension funds abp and pfzw then pggm to create an independent and professional manager for their private equity allocations . 12 alpinvest s predecessor nib capital private equity originally operated as one integrated investment firm with distinct teams focusing on fund investments as well as lead buyout investments in mid sized companies located in the benelux and germany . as the firm evolved alpinvest shifted its focus toward an expansion of its investment management business . in 2000 alpinvest expanded its investment platform by creating a dedicated equity co investment team to invest in transactions alongside its core private equity managers . the following year in 2001 the firm began a formal effort to make mezzanine investments . a year later in 2002 alpinvest launched a secondary investment platform which has emerged as one of the largest buyers of private equity assets in the secondaries market . citation needed milestones edit the headquarters of alpinvest in amsterdam the following is a timeline of significant milestones 1980s both abp and pggm begin separate in house private equity investment programs investing primarily in private equity funds . 1990s alpinvest holding n.v. an evergreen investment fund is founded and stan vermeulen is named ceo in 1993 . alpinvest holding n.v. provided private equity and mezzanine capital to middle market companies in benelux and germany until its acquisition by abp and pggm in 2000 . 1997 alpinvest holding n.v. begins trading on the amsterdam stock exchange on 11 june 1997 . major shareholders in alpinvest holding n.v. included the dutch government and abn amro bank nv . 1999 abp and pggm form nib capital private equity the predecessor of alpinvest under the leadership of volkert doeksen in order to increase position in the private equity market . nib capital is formed from several separate teams from nib bank nv and parnib holding nv . 2000 alpinvest holding n.v. is acquired by abp and pggm and integrated into parnib holding n.v. and nib capital private equity to form what would become alpinvest partners . abp and pggm topped a bid from gimv to acquire the listed investment fund . 13 nib capital receives its first mandate of 13 billion from abp and pggm of which close to 7 billion is designated for new investments in the period 2000 2002 . the remainder comprised existing investments made by abp pggm and nib capital s predecessors . 2000 alpinvest begins a dedicated equity co investment group . 2001 nib capital opens new york office . 2002 nib capital begins a dedicated secondary investment effort with a 1 billion mandate . 2003 nib capital receives a new 7 billion mandate from abp and pggm covering the period 2003 2005 for fund investments secondary investments co investments and lead investments in the benelux german mid market . press conference announcing the creation of a joint venture with the carlyle group . 2004 nib capital private equity spun out to abp and pggm and renamed alpinvest partners . 14 15 2006 alpinvest receives a new investment mandate from abp and pggm initially amounting to 11 billion covering the period 2006 2008 the mandate size increased over time . this represented one of the largest mandates ever granted in the international private equity markets . 16 2006 alpinvest spins off its european middle market buyout business which is subsequently renamed taros capital 8 17 in order to focus exclusively on investments in private equity funds and alongside relationship financial sponsors . 2006 alpinvest opens its first asian office in hong kong . 2007 alpinvest receives a 2 billion mandate to invest in global mezzanine debt transactions 18 and a 500 million cleantech investment covering the period 2007 2009 . 2008 alpinvest opens london office . 19 2011 alpinvest acquired by a joint venture between management and the carlyle group 2013 alpinvest raises 4.2 billion of investor commitments for its alpinvest secondaries program focused on secondary investments 20 2013 the carlyle group acquires 100 % ownership interest in alpinvest 21 awards edit in recent years alpinvest has won several industry awards as a limited partner . year award publication ref . 2012 1 largest private equity fund of funds towers watson financial times 22 2008 limited partner of the year private equity international 23 2008 most influential european limited partner private equity news 24 2007 limited partner of the year private equity international 25 2007 most influential european limited partner private equity news 26 27 2007 buyout of the year vnu co investment thomson financial s acquisitions monthly 28 2006 limited partner of the year private equity international 25 2006 large investment of the year nxp co investment financial news 29 2005 limited partner of the year private equity international 30 this award was initiated in 2005 . alpinvest was the first recipient . private equity fund investments edit this section does not cite any sources . please help improve this section by adding citations to reliable sources . unsourced material may be challenged and removed . february 2016 learn how and when to remove this template message alpinvest is among the largest investors in private equity funds globally historically allocating as much as 4 billion per year to leveraged buyout large cap middle market lower middle market venture capital and special situations funds among other strategies . alpinvest maintains relationships with many of the leading managers in difficult to access segments of private equity . in many cases alpinvest is a strategic investor and tends to be among the largest investors in each fund in which it invests . alpinvest s funds team is made up of more than 25 professionals based globally in europe north america and asia . secondary investments edit alpinvest s secondary investments group focuses on the purchase of existing portfolios of private equity assets . in the secondary market alpinvest operates as an independent investment group with a large dedicated team comparable to other secondary firms and is one of the largest buyers of private equity assets in the secondaries market . 31 alpinvest s secondary investments include purchases of limited partnership interests spin outs of captive private equity groups stapled secondary transactions securitizations joint ventures and secondary direct transactions . although most secondary transactions are kept confidential the following transactions have been disclosed 32 date deal description ref . 2008 alpinvest together with goldman sachs capital partners and cpp purchased a portfolio of interests in 32 european companies managed by aac capital partners from abn amro for 1.5 billion . 33 34 2008 alpinvest together with goldman sachs purchased 400 million of interests in legacy investment funds managed by court square capital partners from citigroup . 35 36 2008 alpinvest together with harbourvest partners pantheon ventures partners group paul capital partners portfolio advisors and procific completed a takeover of macquarie capital alliance group in one of the first public to private transactions of a publicly traded private equity company completed by secondary market investors . 37 38 2006 alpinvest underwrote the equity of a 500 million newly formed vintage fund of funds consisting of approximately 40 underlying private equity partnerships in a joint venture with swiss re and horizon 21 a fund manager . 32 39 2006 alpinvest together with coller capital and goldman sachs underwrote the equity tranche of astrea an 800 million securitization of 46 private equity fund interests owned by temasek a singapore based sovereign wealth fund . 32 39 40 2006 alpinvest together with harbourvest partners completed a secondary transaction involving the establishment of a new fund paragon partners . as a result of the transaction paragon partners acquired an existing portfolio of three european companies providing an exit to german private equity fund manager afinum . 32 41 2005 alpinvest together with axa private equity purchased a cornerstone interest in west