Ropes & Gray Advises AlpInvest on $1 Billion Collateralized Fund Obligation

Ropes & Gray advised AlpInvest, an integrated market-leading private equity platform and subsidiary of Carlyle, on the closing of a $1 billion Collateralized Fund Obligation (“CFO”). The closing was announced on October 30 in a press release.

The CFO represents the largest publicly rated GP-Led CFO in the market to date, and will comprise exposure to four AlpInvest-managed funds across its flagship Private Equity Secondaries, Portfolio Finance, and Co-Investment strategies, along with two private equity secondary transactions recently completed by AlpInvest involving diversified portfolios of LP interests. 

The Ropes & Gray team included finance partners Dan Coyne and Patricia Lynch, asset management partners Lindsey Goldstein, Marc Biamonte and Nicole Krea, and tax partner Adam Greenwood.