Carlyle AlpInvest Private Markets Secondaries Fund is a Delaware statutory trust registered under the Investment Company Act of 1940 as a non-diversified, closed-end management investment company, with AlpInvest Private Equity Investment Management, LLC serving as investment adviser and Carlyle Global Credit Investment Management L.L.C. as sub-adviser. The Fund seeks long-term capital appreciation by opportunistically allocating across a global portfolio of private markets investments. Under normal circumstances, at least 80% of net assets plus investment borrowings are invested in Secondary Investments, including LP interest purchases, GP-led transactions, continuation funds, fund recapitalizations, stapled secondaries, spin-outs and direct asset purchases. It may also invest up to 10% in Primary Investments and hold fixed-income investments for liquidity management.
News and Notices
AlpInvest Partners
2025
'40 Act
Tender Offer CEF
USD
Quarterly
Monthly
March 31
News and Notices
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Sep 19, 2024
16:53
Tender Offer CEF
Compliance
Carlyle AlpInvest Private Markets Secondaries Fund reported a 2026 annual fund notice report with no series listed, signed on August 19, 2026 by Christopher Perriello, Principal Executive Officer, Trustee, Chair of Board.
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Jan 29, 2026
16:54
Tender Offer CEF
Marketing Materials, Redemptions, Subscriptions
Carlyle AlpInvest Private Markets Secondaries Fund updated its prospectus for a continuous offering up to $2 billion, with investors subject to qualified client eligibility and discretionary repurchases expected near 5% of net asset value quarterly after the first full operating year.
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Feb 22, 2026
16:15
Tender Offer CEF
Marketing Materials, Redemptions, Subscriptions
Carlyle AlpInvest Private Markets Secondaries Fund is continuously offering three share classes for up to $2 billion, requiring qualified clients to rely on discretionary repurchases expected after one year at about 5% of net asset value quarterly.
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Sep 17, 2024
16:00
Tender Offer CEF
Fees
Carlyle AlpInvest Private Markets Secondaries Fund addressed SEC staff comments on predecessor financial statements, including November 30, 2025 transferred investment cost of $179.7 million and market value of $176.8 million. Investors are told the estimated $970,613 incentive fee was not charged.
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Oct 02, 2023
16:52
Tender Offer CEF
Ownership, Personnel, Subscriptions
Officer Joseph A. O'Connor purchased 723 Carlyle AlpInvest Private Markets Secondaries Fund common shares for $7,500 at an estimated $10.38 per share. His beneficial ownership increased to an estimated 26,146 shares held in his IRA.
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Jul 22, 2023
00:15
Tender Offer CEF
Other
Carlyle AlpInvest Private Markets Secondaries Fund’s registration statement under the Securities Act became effective on September 19, 2025, at 9:00 a.m.
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Mar 16, 2023
20:48
Tender Offer CEF
Marketing Materials, Performance
Carlyle AlpInvest Private Markets Secondaries Fund added audited August 31, 2025 financial statements showing $100,000 of net assets, 10,000 shares at $10.00 per share, and $739,595 of organizational and offering costs subject to adviser recoupment.
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Mar 03, 2023
16:15
Tender Offer CEF
Fees, Marketing Materials
Carlyle AlpInvest Private Markets Secondaries Fund updated its preliminary prospectus to clarify that AlpInvest Seed Fund II will transfer its assets and liabilities during the planned reorganization and to refine expense disclosure.
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Oct 18, 2024
16:33
Tender Offer CEF
Fees, Marketing Materials, Subscriptions
Carlyle AlpInvest Private Markets Secondaries Fund updated its prospectus for a continuous offering of up to $2 billion, with 3.00% Class U and Class D sales loads and net expenses of 3.60%, 3.00% and 2.75% for its three share classes.
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Mar 21, 2023
21:52
Tender Offer CEF
Fees, Marketing Materials
Carlyle AlpInvest Private Markets Secondaries Fund updated offering terms by replacing Class A shares with Class U shares and setting 3.00% sales loads for Class U and Class D shares.
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Preview
News
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Returns & Performance
Tender Offer CE Funds
Private Equity
'40 Act in Focus: Carlyle AlpInvest Private Markets Secondaries Fund
Sep 18, 2026

We examine the capital flows, investment strategy, and performance of the tender offer fund, leveraging EvergreenLink Data.

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Capital Flows
Returns & Performance
Managers
Carlyle's Q2 fee-related performance revenue more than doubles YoY
Aug 13, 2026

The increase was driven by continued strength in the firm's evergreen strategies, notably in AlpInvest and asset-backed finance, according to CFO Justin Plouffe.

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Asia-Pacific
Private Equity
Partnerships
New Entrants
Distributors
Cathay United brings Carlyle's evergreen PE strategies to Taiwan
Aug 6, 2026

The offering provides a platform for the bank's high-net-worth clients to access Carlyle's global private equity strategies, including secondary investment opportunities.

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Private Equity
Managers
Inside Carlyle Alpinvest Private Markets Secondaries Fund
Jun 23, 2025

The '40 Act vehicle will allocate 80% of capital to secondary investments, including both GP-led and LP-led opportunities.

Carlyle AlpInvest Private Markets Secondaries Fund
AlpInvest Partners is responsible for managing Carlyle AlpInvest Private Markets Secondaries Fund.
Carlyle AlpInvest Private Markets Secondaries Fund launched in 2025.
Carlyle AlpInvest Private Markets Secondaries Fund is registered as a '40 Act fund.
Carlyle AlpInvest Private Markets Secondaries Fund is structured as a Tender Offer CEF fund.
You can invest in Carlyle AlpInvest Private Markets Secondaries Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Carlyle AlpInvest Private Markets Secondaries Fund monthly, subject to eligibility and fund subscription deadlines.
You can redeem shares of Carlyle AlpInvest Private Markets Secondaries Fund quarterly, subject to redemption limits and notice requirements.
Shares of Carlyle AlpInvest Private Markets Secondaries Fund can be purchased in USD.
Carlyle AlpInvest Private Markets Secondaries Fund's fiscal year end is March 31.
Carlyle AlpInvest Private Markets Secondaries Fund's net asset value was $730.6 million and its portfolio had a fair value of $800.9 million as of June 30, 2026.
Among other deal types, Carlyle AlpInvest Private Markets Secondaries Fund primarily makes Secondary (non-CV) Investments.
Among other asset classes, Carlyle AlpInvest Private Markets Secondaries Fund primarily invests in LBO.
Among other regions, Carlyle AlpInvest Private Markets Secondaries Fund primarily invests in North America.
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