AlpInvest Partners, a subsidiary of global investment firm Carlyle, has closed a lead investment in a $2.2 billion Continuation Fund sponsored by Leonard Green & Partners (LGP).
The Continuation Fund was established to acquire four portfolio companies across Green Equity Investors VI (GEI VI) and Green Equity Investors VII (GEI VII). The transaction provides liquidity to existing investors seeking to monetize performance to date while providing AlpInvest and other existing investors the opportunity to invest in four market-leading businesses. The portfolio includes:
SRS Distribution (SRS), a distributor of roof, landscape and pool products to the U.S. construction market
ExamWorks, a provider of independent medical examinations, peer reviews and other related services to the worker’s compensation, auto and group health markets
Veritext, a court reporting company for pre-trial deposition se
