AlpInvest puts secondary PE team in Asia
The global co-head of secondary investments outlines the $50 billion private-equity manager’s plans to grow its Asian portfolio.
Dutch private-equity fund-of-funds firm AlpInvest Partners has set up a secondary-investments team in Hong Kong and will allocate 10-20% of its €1 billion in annual secondary PE investments to Asia and other emerging markets.
Neal Costello has moved from AlpInvest’s New York office to run the Asia secondaries team. He will be joined by Nicole Ying Su from the secondaries team in Amsterdam. They will join the existing primary fund and co-investment teams in Hong Kong.
Costello or…
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