Alpinvest Partners B.V.: AUM & Ownership

Clients

Alpinvest Partners B.V. serves 54 clients, 46 of them pooled investment vehicles. The average client has about $738 million with the firm.

Regulatory assets by client type

Pooled investment vehicles46 clients55%
Pension and profit-sharing plans4 clients41%
Other investment advisers3 clients4%
Insurance companies1 clients0%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Pooled investment vehicles	46	$22,037,278,015	55.3%	$479.1M
Pension and profit-sharing plans	4	$16,256,052,605	40.8%	$4.06B
Other investment advisers	3	$1,582,584,391	4.0%	$527.5M
Insurance companies	1	$1,854,128	0.0%	$1.85M
Total	54	$39,877,769,139	100%	$738.5M

Pooled investment vehicles

Clients: 46
Regulatory AUM: $22,037,278,015
Share: 55.3%
Avg. per client: $479.1M

Pension and profit-sharing plans

Clients: 4
Regulatory AUM: $16,256,052,605
Share: 40.8%
Avg. per client: $4.06B

Other investment advisers

Clients: 3
Regulatory AUM: $1,582,584,391
Share: 4.0%
Avg. per client: $527.5M

Insurance companies

Clients: 1
Regulatory AUM: $1,854,128
Share: 0.0%
Avg. per client: $1.85M

Total

Clients: 54
Regulatory AUM: $39,877,769,139
Share: 100%
Avg. per client: $738.5M

What it does

Alpinvest Partners B.V. provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, fixed fees and performance-based fees.

Alpinvest Partners B.V. advises no private funds.

94.1% of assets ($37.52B across 44 accounts) are managed with discretion; $2.36B across 10 accounts are not. 100% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks1%
Funds99%

Custodians

Alpinvest Partners B.V. has custody of $3.09B for 8 clients.

Managed account assets by custodian

All other custodians$39.88B100%

Ownership and leadership

Ap B.V. owns 75% or more of Alpinvest Partners B.V..

Who owns the firm

Alpinvest Partners B.V.· the adviser

Ap B.V.
Control person · since July 2011
Owns 75% or more of Alpinvest Partners B.V.
- Alp Holdings Cooperatief U.A.
  Control person · since July 2011
  Owns 75% or more of Ap B.V.
  - The Carlyle Group Inc.
    Control person · since January 2022
    Owns 50% to 75% of Alp Holdings Cooperatief U.A.
  - Carlyle Holdings III GP L.P.
    Control person · since January 2022
    Owns 25% to 50% of Alp Holdings Cooperatief U.A.

Leadership

Cameron Fairall
Chief Compliance Officer
Geertruida Bagijn-van Overbeeke
Director
Patrick De Van Der Schueren
Director and Chief Legal Officer
Maarten van Rossum
Director

Staff

289 employees
127 in advisory functions
11 broker-dealer reps

Reported holdings

Alpinvest Partners B.V.’s reported 13F holdings total $59.9M across 17 positions, and the ten largest make up 91.4% of it.

$59.9M
Reported 13F value: 17
Positions: 91.4%
In the 10 largest: +20.5%
Value vs. prior quarter

Ten largest positions, share of reported value

Robinhood Mkts Inc. · Com CL A30.2%
N-able Inc.14.6%
Chime Finl Inc. · Com Shs CL A11.8%
Etoro Group Ltd · Shs CL A9.2%
Crowdstrike Hldgs Inc. · CL A7.8%
Figma Inc. · Class A Com Stk4.6%
Krispy Kreme Inc.3.7%
Circle Internet Group Inc. · Com CL A3.6%
Taboola.com Ltd3.4%
Datadog Inc. · CL A2.7%

Together, the ten largest are 91.4% of reported value.

The 17 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 7 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $59.9M is not its $39.88B in regulatory assets and does not represent any individual client's portfolio.

Fees

Alpinvest Partners B.V. is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

Alpinvest Partners B.V.’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Alpinvest Partners B.V. has 5 offices, with 3 listed addresses across 2 states.

Listed office addresses by state

Choose a state to see its listed addresses.

Registration details

Legal name: Alpinvest Partners B.V.
Headquarters: Jachthavenweg 118, Amsterdam, Netherlands 1081 KJ
Phone: 31205407575
Website: Not reported
SEC file: 801-72890
Structure: other (specify) organized in Netherlands
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Alpinvest Partners B.V. have?

Alpinvest Partners B.V. has 54 clients and manages $39.9 billion for them, as of March 2026. They include 46 pooled investment vehicles, 4 pension and profit-sharing plans and 3 other investment advisers.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026

What services does Alpinvest Partners B.V. offer?

Alpinvest Partners B.V. provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Alpinvest Partners B.V. have?

Alpinvest Partners B.V. has 0 investment adviser representatives registered with state securities authorities, out of 289 employees, and 127 perform investment advisory functions. 11 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Alpinvest Partners B.V. invest in?

At the end of its last fiscal year, Alpinvest Partners B.V.’s separately managed accounts held 99% pooled vehicles (private funds and similar) and 1% exchange-traded equities. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Alpinvest Partners B.V.?

Alpinvest Partners B.V. is owned through a chain of holding companies by Carlyle Holdings III GP L.P. and the Carlyle Group Inc. Its direct owner is Ap B.V. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026

How does Alpinvest Partners B.V. get paid?

Alpinvest Partners B.V. is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file