Carlyle Sells $1.25 Billion Deal Repackaging Private Equity Fund Stakes

Carlyle Sells $1.25 Billion Deal Repackaging Private Equity Fund Stakes

Carlyle AlpInvest bundled up and sold private equity fund stakes in a $1.25 billion securitization, using a complex type of deal that’s grown popular with insurance companies looking to gain access to private markets.

Carlyle AlpInvest prices $1.25bn private equity CFO

Carlyle AlpInvest has closed a $1.25bn securitisation of private equity fund stakes through a collateralised fund obligation (CFO), marking its third such transaction as institutional appetite for structured exposure to private markets continues to build, according to a report by Bloomberg. The latest deal, which settled Thursday, aggregates interests in four Carlyle-managed funds alongside a diversified pool of smaller secondary stakes in buyou…