Ropes & Gray Advised Carlyle AlpInvest in Launch and Closing of Eldridge Diversified Credit Fund

In The News
January 22, 2026

Ropes & Gray represented Carlyle AlpInvest, a leading global private equity investor, in connection with the successful closing of Eldridge Diversified Credit Fund I (“EDCF I”), the inaugural fund in Eldridge’s diversified credit platform. The close was announced in a press release on January 22.

As part of the transaction, Carlyle AlpInvest and its co-investors made an equity commitment to Eldridge managed vehicles which, when combined with debt financing from BNP Paribas, is expected to provide up to approximately $1.5 billion in investable capital.

The Ropes & Gray team includes alternative asset opportunities partner Isabel Dische and counsel Rob Schmidt, and tax partner Adam Greenwood.