APG and PGGM sell AlpInvest

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NETHERLANDS/US: Dutch pension funds APG and PGGM have agreed to sell AlpInvest Partners to the Carlyle Group and AlpInvest's management for an undisclosed sum.

The firm is one of the world's largest investors in private equity, managing €32.3bn ($43.3bn)in assets, mainly on behalf of APG and PGGM through a global private equity fund-of-fund programme. ...

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