AlpInvest sets its sights on London

AlpInvest Partners is set to open an office in London, as Europe’s biggest private equity investor continues to expand its global reach.

AlpInvest Partners, Europe’s biggest private equity investor, has chosen London as the site of its fourth office, as it continues to build up its commitment to the asset class.

In a note to clients, the Dutch-headquartered group said it expected to open a London office in the last quarter of this year. However, specific details – including the launch date and internal line-up – have not yet been finalised.

It follows AlpInvest’s first move into Asia last year, when it opened a Hong Kong office under ex-BCG consultant Sander van Maanen. This was the Dutch group’s third office – it had made its first move outside Holland with the opening of a New York office, which is led by former Dresdner Kleinwort investment banker Iain Leigh.

AlpInvest is the vehicle formed to manage the alternative investments of ABP and PGGM, two big Dutch pension funds. It has over €35 billion under management, and has invested more than €14 billion in private equity in the last four years – making it Europe’s biggest investor in the asset class. Around 80 percent of its assets lie in primary and secondary fund interests, though it also has growing co-investment and mezzanine divisions.

The firm currently has nearly 60 investment professionals across its three offices, who according to the firm cover ten different nationalities.