|
Almeida Capital is pleased to be a premier sponsor of AltAssets
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
Click here for printer friendly page
AlpInvest receives €2bn mezzanine mandate from ABP, PGGM15/10/2007. Source: AltAssets. 
 Dutch private equity investor AlpInvest Partners has received a €2bn mezzanine mandate from its pension fund clients ABP and PGGM.
The new mandate covers an investment period of three years and will be invested globally. The planned allocation to Europe is 50 per cent. AlpInvest expects to invest 75 per cent of this mandate in direct investments and 25 per cent in fund investments.
The size of AlpInvests previous mezzanine mandate, the 2004 mezzanine mandate, was €700m. It was invested mainly in the US.
Volkert Doeksen, managing partner and CEO of AlpInvest, said, 'Obviously we are very excited by this significant new mezzanine mandate and the trust and support of our core sponsors ABP and PGGM. Given the market dynamics of today we consider mezzanine a particularly well placed investment product.'
'This mezzanine mandate will offer us the opportunity to participate in other parts of the capital structure enabling us to further develop our strong relationships with the private equity sponsors (leading the equity side of the transaction). In today's markets, we believe that is a value added proposition,' he added.
As part of the expansion of AlpInvest's mezzanine activity in Europe, the firm is set to open a new office in London in early 2008. The office will be headed by Erik Bosman, responsible for mezzanine activities in Europe.
AlpInvest has approximately €40bn of assets under management.
Copyright © 2007 AltAssets
|
 
|
|
|
