Travers Smith LLP has advised Carlyle on the successful launch of Carlyle AlpInvest Private Markets Secondaries ("CAPS"). CAPS is the second fund to launch under the Carlyle AlpInvest platform for private wealth clients.
CAPS was launched in collaboration with UBS's Unified Global
Alternatives business and is designed to cultivate a high quality,
diversified portfolio, primarily consisting of secondary
investments focussed on leveraged buyout, growth capital and
special opportunity fund interests.
The Travers Smith team was led by Funds Partner and Head of Asset
Management, Will Normand, with support
from Senior Counsel Rachael Potts and
Associates Katie Bench
and Peter Eaton. Tax support was
also provided by Senior Associate Sarah Roman and
Associate Darius Meehan.
Will Normand commented: "We are
delighted to have advised Carlyle on the launch of Carlyle
AlpInvest Private Markets Secondaries. Asset Management is at the
heart of Travers Smith's business and our team is at the
forefront of advising on the structuring and distribution of funds
raising capital from private wealth channels. We look forward to
continuing to support the Carlyle AlpInvest platform in the coming
months."