AlpInvest Partners, the private equity fund of funds arm of The Carlyle Group’s Solutions platform, has hired Justine Gordon as managing director to focus on secondary and co-investment opportunities in energy and infrastructure.
Gordon – who will be based in New York – has 20 years’ experience of real assets, private equity and investment banking. She was previously managing director and head of acquisitions for Guggenheim Infrastructure, where she led the private infrastructure investing business, which had an initial focus on energy and power.
Gordon had joined Guggenheim from RREEF Infrastructure, the infrastructure investment arm of Deutsche Asset Management, where she was director and co-head of acquisitions. She also had a spell as a principal at private investment firm Chartwell Investments.
Jacques Chappuis, chairman of AlpInvest and head of Carlyle Solutions, said in a statement that Gordon’s “extensive experience and knowledge in the energy and infrastructure sectors will help us identify new opportunities and develop creative investment solutions for our investors”.
AlpInvest is a heavyweight in the private equity asset class, with approximately $51.6 billion of assets under management on June 30 2014. The firm was ranked 49th in the 2014 version of Private Equity International’s PEI 300, a ranking of the world’s private equity firms based on five-year fundraising totals, with more than $5 billion raised.
The firm’s activities span primary fund commitments, secondary purchases and co-investments within the buyout, venture capital, growth capital, mezzanine and distressed markets. The firm manages programmes for a number of institutional investors.
AlpInvest was sold by Dutch pension service providers APG and PGGM to alternative asset giant The Carlyle Group, together with AlpInvest management, in 2011.