Carlyle AlpInvest Private Markets Secondaries

CAPS SICAV

Overview Strategy Performance Allocations Key terms Share classes FAQ

Overview

Legal Name:

Carlyle AlpInvest Private Markets Secondaries, a Sub-Fund of Carlyle AlpInvest Private Markets SICAV-UCI Part II

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), EU AIF

Term:

Perpetual-Life

Base Currency:

USD

Launch Year:

2025

Inception Date:

Jul 1, 2025

Target Net Return:

12-15%

Size:

$1.1B (as of Nov 30, 2025)

No. of Investments:

2500 (as of Nov 30, 2025)

Administrator:

Apex Fund Services

Investor Eligibility Segments:

Institutional, Professional / Accredited

Permitted Distribution Countries:

EEA, Bahrain, British Virgin Islands, Dubai International Financial Centre, Germany

Strategy

CAPS SICAV invests in private equity secondaries, acquiring LP interests and GP-led continuation vehicles in diversified buyout and growth-equity funds globally, with emphasis on North American and Western European mid-market buyouts across industrials, healthcare, information technology, consumer and other sectors.

Asset Classes:

Private Equity

Strategy:

Buyout (PE), Growth Equity (PE)

Underlying Investment Type:

Secondaries

Geographic Focus Region:

North America

Geographic Focus:

North America, US, Europe

Sector Focus (GICS):

Diversified

Sector Focus (not standardized):

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

Other Focus:

Minority Stake

Performance

for R-USD share class

Total Returns (% Net of Fees)

Net returns (since inception)	R-USD
Total Return	1.9%
Annualized Return	11.9%
Best Month	(Oct 2025)0.9%
Worst Month	(Nov 2025)0.9%
Risk metrics (since inception)
Volatility	0%
Sharpe Ratio (4.3% risk-free)	348.17

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Key terms

for R-USD share class

Share Class

Minimum Subsribtion:

$25,000

Currency:

USD

Inception Date:

Jul 1, 2025

Distribution Type:

Accumulating

Investor Type:

Retail

ISIN:

LU3002245804

Liquidity

Gate:

5% of aggregate NAV (or outstanding Shares) per quarter; 20% of average shares in issue per year.

Gate Level:

Fund level NAV

Redemption Frequency:

Quarterly

Redemption Basis:

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

Subscribtion Frequency:

Monthly

Subscribtion Basis:

NAV per Share

Fees

Management Fee:

1.25%

Management Fee Basis:

NAV

Share of Fund NAV attributable to share class; accrued monthly on NAV and paid quarterly.

Performance Fee:

12.50%

Assessed quarterly on net profits vs Loss Recovery Account (loss carryforward).

Performance Fee Basis:

Change in NAV

Net profits of Fund vs Loss Recovery Account (loss carryforward); assessed quarterly on net profits.

Front load (subscription):

0.00%

Back load (redemption):

2.00%

If redeemed within 12 months of issuance.

Management Fee:	1.25%
Management Fee Basis:	NAV	Share of Fund NAV attributable to share class; accrued monthly on NAV and paid quarterly.
Performance Fee:	12.50%	Assessed quarterly on net profits vs Loss Recovery Account (loss carryforward).
Performance Fee Basis:	Change in NAV	Net profits of Fund vs Loss Recovery Account (loss carryforward); assessed quarterly on net profits.
Front load (subscription):	0.00%
Back load (redemption):	2.00%	If redeemed within 12 months of issuance.

Share classes

Name	Min. Subscription	Currency	Inception	Distribution	Investor Type	ISIN	BBG Ticker
R-USD	25,000 USD	USD	2025-07-01	Accumulating	Retail	LU3002245804	-
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 Secondaries?

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

Who manages Carlyle AlpInvest Private Markets Secondaries?

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

How big is Carlyle AlpInvest Private Markets Secondaries?

Carlyle AlpInvest Private Markets Secondaries has a size of $1.1B.

What type of fund is Carlyle AlpInvest Private Markets Secondaries?

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

When was Carlyle AlpInvest Private Markets Secondaries launched?

Carlyle AlpInvest Private Markets Secondaries was launched on Jul 1, 2025 and is structured as a Lux SICAV (S.A.) vehicle with a perpetual-life term.

Where is Carlyle AlpInvest Private Markets Secondaries domiciled and regulated?

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

Data transparency

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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.

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