AlpInvest Partners, a subsidiary of Carlyle, has raised over $4 billion for the AlpInvest Portfolio Finance platform. AlpInvest Strategic Portfolio Finance Fund II (“ASPF II”) is three times the size of ASPF I, as it looks set to scale new heights and deepen its relationships with over 380 GPs worldwide. The new fund will provide financing solutions to PE funds, GPs and LPs, as well as credit secondary investments. “This milestone represents the full realization of our vision for Portfolio Finance as a key pillar of the AlpInvest platform,” remarked Michael Hacker, Global Head of Portfolio Finance at AlpInvest. With such a significant mountain of dry powder, there are likely to be plenty of ways to plot a route to the summit as AlpInvest works with PE sponsors and investors. Onwards and upwards!