Ropes & Gray advised AlpInvest, a leading global private equity investor and subsidiary of Carlyle, on the closing of AlpInvest Strategic Portfolio Finance Fund II at $3.2 billion. The fund close was announced in a press release on April 7.
Inclusive of parallel SMAs and co-investments, the size of the program exceeds its initial target and more than triples the size of its prior program, ASPF I. Including the simultaneous closing of multiple Senior Portfolio Lending mandates and co-investments, which invest in investment grade Portfolio Financings, total new capital raised for AlpInvest’s Portfolio Finance platform exceeds $4 billion.
The Ropes & Gray team includes asset management partners Lindsey Goldstein, Marc Biamonte, Joel Wattenbarger and Nicole Krea, tax partners Adam Greenwood and Dan Kolb, and finance partners Patricia Lynch and Patricia Teixeira.
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