Carlyle AlpInvest Private Markets

CAPM SIVAC

Interested in this fund?
Get a warm intro to the fund manager

Overview Strategy Performance Allocations Key terms Share classes FAQ

Overview

Legal Name:

Carlyle AlpInvest Private Markets Sub-Fund I

Manager:

The Carlyle Group

Website:

https://www.carlyle.com/

Fundraising Status:

Open

Domicile:

Luxembourg

Legal Form:

Lux SICAV (S.A.)

Regulatory Regimes:

Lux UCI (Part II)

Term:

Perpetual-Life

Base Currency:

USD

Launch Year:

2024

Inception Date:

Jul 1, 2024

Target Net Return:

12–15%

Size:

$1.7B (as of Feb 28, 2026)

No. of Investments:

2750 (as of Feb 28, 2026)

Investor Eligibility Segments:

Institutional, Professional / Accredited

Permitted Distribution Countries:

EEA, Bahamas, Bahrain, Brazil, Israel

Strategy

CAPM SICAV is an evergreen, multi‑manager private equity fund investing globally, primarily in US and European buyout and selective growth equity transactions. The Fund allocates across secondary LP and GP‑led fund interests, direct equity co‑investments and a smaller sleeve of primary fund commitments, building a highly diversified portfolio by manager, company size and vintage across sectors including healthcare, technology, industrials, consumer and financials.

Asset Classes:

Private Equity

Strategy:

Buyout (PE)

Underlying Investment Type:

Secondaries, Co-Investments

Geographic Focus Region:

North America

Geographic Focus:

US, Europe, Rest of World

Sector Focus (GICS):

Diversified

Sector Focus (not standardized):

Health Care, Industrials, Information Technology, Consumer Discretionary, Financials

Other Focus:

Minority Stake

Performance

for I-I-USD share class

Total Returns (% Net of Fees)

Net returns (since inception)	I-I-USD
Total Return	47%
Annualized Return	26.1%
Best Month	(Sep 2024)4.8%
Worst Month	(Nov 2024)-0.3%
Risk metrics (since inception)
Volatility	4.8%
Sharpe Ratio (4.3% risk-free)	4.58

Unlock full fund profile

Get free access

Key terms

for I-I-USD share class

Share Class

Currency:

USD

Inception Date:

Jul 1, 2024

Investor Type:

Institutional

ISIN:

LU2837778047

Liquidity

Gate:

1.667% of Fund NAV per month; 20% of average shares outstanding per year.

Gate Level:

Fund level NAV, Fund level outstanding shares

Redemption Frequency:

Monthly

Redemption Basis:

NAV per Share as of the last business day of the month

Subscribtion Frequency:

Monthly

Subscribtion Basis:

NAV per Share

Fees

Performance Fee:

10.00%

Assessed quarterly on net profits over Loss Recovery Account; no clawback.

Performance Fee Basis:

Change in NAV

10% of excess net profits over Loss Recovery Account balance for period; fee assessed at Fund level.

Back load (redemption):

2.00%

If redeemed within 12 months.

Performance Fee:	10.00%	Assessed quarterly on net profits over Loss Recovery Account; no clawback.
Performance Fee Basis:	Change in NAV	10% of excess net profits over Loss Recovery Account balance for period; fee assessed at Fund level.
Back load (redemption):	2.00%	If redeemed within 12 months.

Share classes

Name	Min. Subscription	Currency	Inception	Distribution	Investor Type	ISIN	BBG Ticker
I-I-USD	-	USD	2024-07-01	-	Institutional	LU2837778047	-
Class B eg	250,000 EUR	EUR	15 Mar 2018	Accumulating	Institutional	LU1987654321	FUND B LX
Class C Example	500,000 USD	USD	01 Jun 2019	Distributing	Professional	IE0123456789	FUND C ID
Class D eg.	100,000 GBP	GBP	22 Sep 2020	Accumulating	Institutional	GB00ABCDEF12	FUND D LN
Class E Example	25,000 EUR	EUR	03 Jan 2021	Distributing	Retail	LU9988776655	FUND E LX
Class F Example	1,000,000 USD	USD	10 Nov 2017	Accumulating	Institutional	US1234567890	FUND F US

FAQ

What is Carlyle AlpInvest Private Markets?

Carlyle AlpInvest Private Markets is an evergreen Lux UCI fund focused on Private Equity and managed by The Carlyle Group.

Who manages Carlyle AlpInvest Private Markets?

Carlyle AlpInvest Private Markets is managed by The Carlyle Group, based in Washington, D.C., United States.

How big is Carlyle AlpInvest Private Markets?

Carlyle AlpInvest Private Markets has a size of $1.7B.

What type of fund is Carlyle AlpInvest Private Markets?

Carlyle AlpInvest Private Markets is an open-ended / evergreen Lux UCI fund investing in private equity and domiciled in Luxembourg.

When was Carlyle AlpInvest Private Markets launched?

Carlyle AlpInvest Private Markets was launched on Jul 1, 2024 and is structured as a Lux SICAV (S.A.) vehicle with a perpetual-life term.

Where is Carlyle AlpInvest Private Markets domiciled and regulated?

Carlyle AlpInvest Private Markets is domiciled in Luxembourg under Lux UCI (Part II).

Data transparency

Borgline's fund database is powered by a dedicated analyst team that systematically sources, verifies, and maintains fund information from document-based disclosures, delivering clear, current, and fully auditable data.

Verified across sources
Systematic quality checks
Data continuously monitored

Where does Borgline get its fund data from?

Borgline sources fund data from fund manager reports, regulatory filings, offering documents, investor reports, and information obtained through Freedom of Information Act (FOIA) requests.

How often is the data updated?

Borgline continuously monitors fund manager communications, regulatory filings, and other primary data sources and updates fund records whenever new or corrected information is released.

How does Borgline ensure data accuracy?

Borgline's analyst team cross-checks key figures across independent documents and updates the database only when data is confirmed against the latest, most authoritative disclosures.

Unlock full profile

Get free access

Ready to get started?

Get full access to Borgline's global evergreen fund database, analytics and benchmarks at no cost.

Benchmark & Compare

Measure fund performance and analyze historical allocations

Deepest coverage

Database of shareclass-level performance, fees and liquidity

Fund screener