# Carlyle AlpInvest: portfolio, investments and team

> Carlyle AlpInvest is a growth equity based in Netherlands. 4 investments on record, 1 in the last 12 months, latest Dec 2025.

Source: https://millionrounds.com/fund/carlyle-alpinvest (Millionrounds; every figure on the page links to its filing or article)

Netherlands · [Investor](https://millionrounds.com/investors)

# Carlyle AlpInvest

Last cheque observed Dec 2025; 4 cheques on record.

Deploying now Growth equity Now at carlyle.com

Growth Series A Series B Sensor Travel Venture Capital & Private Equity

Deploying now

**100%** of best year **1** **cheques in 12 months**, 4 on record

Since the last cheque **312** days **00** hrs **00** min **00** sec

Median round **$176M** Rounds led **1 of 4** Sole investor **1 rounds** Exits **1 from the portfolio**

Pitch Carlyle AlpInvest

## Carlyle AlpInvest highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series C: 100% of its rounds
- 03 Sole investor in 1 rounds, median $176M
- 04 1 exits from the portfolio

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Growth Series A Series B
- **Sectors:** Sensor Travel Venture Capital & Private Equity
- **Based in:** Amsterdam, Netherlands
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **4 appearances**

- **2025** 1 round
- **Dec** **[Picus Capital](https://millionrounds.com/company/picus-capital)** DE · Picus Capital **$176M** *Led*
- **2005** 1 round
- **Mar** **[VPIsystems](https://millionrounds.com/company/vpisystems)** Series C · US · core-capital.com **$9.0M** With 6 others
- **2004** 1 round
- **Aug** **[Platform Learning](https://millionrounds.com/company/platform-learning)** Series C **$9.0M** With 4 others
- **2001** 1 round
- **Jan** **[EpiCept Corporation](https://millionrounds.com/company/epicept-corporation)** Series C · US **$13M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **27** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Funds they back

## 3 fund commitments on record

- **Managers:** 3

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Lovell Minnick Partners LLC 1 fund](https://millionrounds.com/fund/lovell-minnick-partners-llc)
- [One Equity Partners 1 fund](https://millionrounds.com/fund/one-equity-partners)
- [Windjammer Capital Investors 1 fund](https://millionrounds.com/fund/windjammer-capital-investors)

Most recent commitments

- [Lovell Minnick Partners single asset continuation vehicle for SRS Acquiom](https://millionrounds.com/fund/lovell-minnick-partners-llc)
- [One Equity Partners Continuation Fund](https://millionrounds.com/fund/one-equity-partners)
- [Windjammer Capital Investors Continuation Fund](https://millionrounds.com/fund/windjammer-capital-investors)

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[VPIsystems](https://millionrounds.com/company/vpisystems)** Bought by Elanti Systems **Undisclosed** Mar 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Growth Series A Series B

Median round joined **$176M** the round, not its cheque Alone, median **$176M**

Led 1 of 4 rounds **25%**

- **Sole investor:** 1 rounds
- **Last cheque:** Dec 2025
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series C *3*
- Growth said *-*
- Series A said *-*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [TVM Capital](https://millionrounds.com/fund/tvm-capital-life-science) 2

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## Who they invest alongside

The investors most often in the same rounds as Carlyle AlpInvest. A count of rooms they were both in, not a relationship either has claimed.

[**TVM Capital** Private equity **2** rounds together](https://millionrounds.com/fund/tvm-capital-life-science)

## Quick answers about Carlyle AlpInvest

### What does Carlyle AlpInvest invest in?

Carlyle AlpInvest invests most often at Series C (100% of the rounds on record), in sectors such as Sensor, Travel and Venture Capital & Private Equity.

### How active is Carlyle AlpInvest?

4 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Dec 2025.

### What has Carlyle AlpInvest invested in recently?

Its most recent investments on record: Picus Capital (Undisclosed round, Dec 2025).

### How big are Carlyle AlpInvest's cheques?

The median round it joins is $176M.

### Is Carlyle AlpInvest investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Carlyle AlpInvest invest alongside?

Most often TVM Capital (2 rounds together).

### What kind of investor is Carlyle AlpInvest?

Carlyle AlpInvest is a growth equity firm based in Amsterdam, Netherlands.

### Where does this information on Carlyle AlpInvest come from?

From 2 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=carlyle-alpinvest) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=carlyle-alpinvest)
