Private equity investor AlpInvest Partners has reached a first close in its latest secondaries fundraising.
The Dutch firm has raised $1.5 billion of the $2 billion of outside investor capital it is attempting to raise. AlpInvest hopes to make up the remaining $4 billion with capital from managed account relationships it already has with investors, such as its former owners pension fund managers APG Asset Management and PGGM, according to a person close to the situation.
