Key Takeaways
- • CPG Carlyle PE Fund acquired a $5 million stake in Carlyle Asia Growth Partners III and a $944,000 stake in Carlyle/Riverstone Global Energy and Power Fund II through secondary market purchases during the second quarter of 2015.
- • The fund expanded its exposure to existing portfolio holdings, including Carlyle Partners V, which holds Axalta Coating Systems as an underlying portfolio company.
- • CPG Carlyle PE Fund, which targets high net worth individuals and is managed by New York-based Central Park Group, continues to build a diversified allocation across multiple Carlyle-sponsored funds via the secondaries market.
- • The secondary market acquisitions represent the fund's strategy to provide retail and HNW investors access to established private equity positions at potentially attractive valuations.
Summary
CPG Carlyle PE Fund has made two new secondaries investments, acquiring stakes in Carlyle-affiliated funds during the second quarter of 2015. The fund purchased a $5 million limited liability company interest in Carlyle Asia Growth Partners III alongside a $944,000 stake in Carlyle/Riverstone Global Energy and Power Fund II, according to reporting from PEI Secondaries Investor.
The fund, which is structured to provide high net worth individuals with access to Carlyle Group's private equity platforms, operates through a master-feeder structure and is managed by New York-based Central Park Group. These secondaries acquisitions align with the fund's broader investment objective of deploying capital into limited liability company interests across Carlyle-sponsored investment vehicles.
Beyond the two new positions, CPG Carlyle PE Fund expanded its existing exposure to other funds managed within the Carlyle ecosystem. Most notably, the fund increased its allocation to Carlyle Partners V, the flagship buyout vehicle that holds Axalta Coating Systems as a portfolio company. This strategy of layering exposure across multiple Carlyle funds—spanning geographies, sectors, and fund vintages—reflects a systematic approach to building a diversified allocation within a single alternative asset manager's ecosystem.
The secondaries market activity underscores Carlyle Group's efforts to democratize access to its private equity platforms for smaller institutional and individual investors who may lack the capital or relationships to access primary fund commitments directly.
The fund, which is structured to provide high net worth individuals with access to Carlyle Group's private equity platforms, operates through a master-feeder structure and is managed by New York-based Central Park Group. These secondaries acquisitions align with the fund's broader investment objective of deploying capital into limited liability company interests across Carlyle-sponsored investment vehicles.
Beyond the two new positions, CPG Carlyle PE Fund expanded its existing exposure to other funds managed within the Carlyle ecosystem. Most notably, the fund increased its allocation to Carlyle Partners V, the flagship buyout vehicle that holds Axalta Coating Systems as a portfolio company. This strategy of layering exposure across multiple Carlyle funds—spanning geographies, sectors, and fund vintages—reflects a systematic approach to building a diversified allocation within a single alternative asset manager's ecosystem.
The secondaries market activity underscores Carlyle Group's efforts to democratize access to its private equity platforms for smaller institutional and individual investors who may lack the capital or relationships to access primary fund commitments directly.
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