AlpInvest Partners gets record mandate

AlpInvest Partners has received a new mandate from pension funds ABP and PGGM of €11bn. The new mandate further strengthens the position of AlpInvest as one of the largest private equity investors worldwide.

AlpInvest’s new mandate is amongst the largest mandates ever granted in the international private equity market. It covers an investment period of three years (2006 – 2008) and will be used for direct investments through co-investments with other funds, primary and secondary fund investments as well as mezzanine investments.

Volkert Doeksen, managing partner and CEO of AlpInvest Partners, said: “We are very excited by this new substantial mandate from ABP and PGGM. This mandate confirms the strong commitment by ABP and PGGM to our platform, helped by our good performance, and enables us to further strengthen our position as one of the world’s leading private equity asset managers.”