NovantigoEvergreen Funds & ELTIF Database

Non-ELTIF · Private Equity · Domiciled in Luxembourg

Carlyle Alpinvest Private Markets Sicav (CAPM)

Managed by Carlyle, US. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.

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About this fund

Carlyle Alpinvest Private Markets Sicav (CAPM) is an open-end private equity vehicle managed by Carlyle, structured as a SICAV in Luxembourg and authorised under the UCI Part II regime. It is classified as Non-ELTIF, so N/A applies, and it has been operating since 2024. The portfolio follows a multi-strategy approach, with exposure spread across , and is managed in USD. It is available to both professional and retail-qualified investors on a pan-European basis, with a minimum ticket of 25,000 USD.

Liquidity is administered on an evergreen basis rather than through capital calls: subscriptions are accepted monthly, redemptions are processed monthly subject to a notice period of 10 and an initial soft lock-up, and valuations are struck monthly, which aligns dealing and pricing on the same cycle. Fees comprise a management charge of alongside a performance component of . The fund reports under Article 6 and carries a summary risk indicator of 6, consistent with the equity-like drawdown profile of the underlying private holdings.

Within the database as of 31 Aug 2026, the vehicle is one of 163 private equity funds and one of 347 domiciled in Luxembourg, placing it among the 117 funds that combine both characteristics out of 494 covered in total. Reported assets stand at , which can be read against that peer set when assessing scale and the diversification achievable at the stated minimum.

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AuM history

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Fees & costs

  • Entry fee
  • Redemption fee
  • Management fee (retail, low)
  • Management fee (retail, high)
  • Management fee (institutional, low)
  • Management fee (institutional, high)
  • Early-investor fee
  • Fee basis
  • Operating expenses
  • Distribution fee
  • Total cost ratio
  • Performance fee
  • Hurdle rate
  • High-water mark

Portfolio construction

  • Fund-of-funds share
  • Primaries share
  • Secondaries share
  • Directs share
  • Co-investments share
  • Liquidity pocket
  • Europe allocation
  • North America allocation
  • Asia-Pacific allocation
  • Latin America allocation
  • Rest-of-world allocation

Terms & scale

  • Latest AuM
  • Target size
  • Target IRR
  • Life span
  • Redemption gate
  • Lock-up penalty
  • Leverage limit
  • Leverage (AIFMD)
  • Share classes
  • Master-feeder setup

Key facts

Structure

Manager
Carlyle
Fund type
Non-ELTIF
ISIN
LU2827810693
Legal structure
SICAV
Regulatory regime
UCI Part II
ELTIF version
N/A
Fund structure
Open-End
Inception
23 May 2024
Base currency
USD

Strategy

Asset class
Private Equity
Strategy
Multi-Strategy
Geographic focus
North America

Liquidity

Subscription frequency
Monthly
Redemption frequency
Monthly
Notice period
10 days
Soft lock-up
12 months
NAV frequency
Monthly

Access & distribution

Investor type
Both
Distribution scope
Pan-European
Minimum investment
25,000 USD
SFDR
Article 6
Risk indicator (SRI)
6 of 7
›Frequently asked questions
Who manages Carlyle Alpinvest Private Markets Sicav (CAPM)?
Carlyle Alpinvest Private Markets Sicav (CAPM) is managed by Carlyle, headquartered in US.
What is the minimum investment for Carlyle Alpinvest Private Markets Sicav (CAPM)?
The minimum investment is 25,000 USD. The binding terms are in the fund documents.
How often can investors redeem?
Redemptions are monthly, with a notice period of 10 days.
What is an evergreen fund?
An evergreen fund is an open-ended private markets vehicle with no fixed end date: investors subscribe and redeem at recurring intervals instead of committing to a closed fund term.

Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of 31 Aug 2026.

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