Carlyle may sign an agreement as soon as next month, said the people, who declined to be identified because the talks are private. Executives from the purchasing company based in Washington informed his limited partners on the talks due to a takeover of Amsterdam-based fund Carlyle fund can make a competitor for some of its investors.
Private equity firms are trying to become more diversified asset managers after the financial crisis eroded investor appetite for large purchases. Carlyle agreed earlier this month to buy a majority stake in Claren Road Asset Management, a hedge fund 4.5 billion U.S. dollars long-short credit focused on liquid assets as it tries to enter new markets and win customers.
AlpInvest has invested more than 200 venture capital managers, according to its website, including TPG Capital, KKR & Co. and Blackstone Group LP, the company's largest purchase.
Iain Leigh, Managing Partner of AlpInvest based in New York, and Christopher Ullman, a Carlyle spokesman, declined comment.
Private equity funds have struggled to raise money even when you buy quadrupled this year to $ 150 million 2009 dollars. The company attracted 71 billion U.S. dollars of investors during the third quarter and will have its worst year of fundraising at least since 2004, data from research data PitchBook Inc. in Seattle show.
Going Public
TPG made a bid this month for the real world unit of ING Groep NV real estate investment, which reached € 71100000000 assets at June 30, people with knowledge of the situation said at the time.
Carlyle, which oversees 98 billion U.S. dollars, this year hired senior bankers, including Mitch Petrick, Morgan Stanley sales and trading manager, to build your business credit, which reached 14.7 billion U.S. dollars 34 September 30 funds. Michael Arpey, former head of business as Credit Suisse Group AG funds, joined Carlyle in November to direct the formation of funds and new product development.
The firm is expanding beyond traditional shopping, preparing to join Blackstone and KKR in going public. Carlyle may submit papers for an initial public offering in late 2011, people briefed on the matter, said this month. The share sale may not occur until next year, said the people, who declined to be identified because the plans are private.
William Conway, the negotiator who helped build Carlyle in the world's second-largest private equity firm, Said in an interview with BusinessWeek that the company is preparing for a public share sale to build a permanent capital and deal with the challenge increasing funds to raise money to purchase.
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