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Alpinvest Partners B.V.

Amsterdam, NetherlandsSEC-registered investment adviserCRD 159215

Filed as ALPINVEST PARTNERS B.V.

Alpinvest Partners B.V. is an SEC-registered investment advisory firm in Amsterdam, Netherlands, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

14 years
registered since 2011
$39,877,769,139
assets under management
3 arrangements
Percentage of assets, Fixed fees and more
3
disclosure items (Item 11)

Quick answers

From the filing

How is Alpinvest Partners B.V. compensated?

On its Form ADV (Item 5.E, October 2026), Alpinvest Partners B.V. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

How much does Alpinvest Partners B.V. charge?

Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.1% to 1.6% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

Where is Alpinvest Partners B.V. located?

Alpinvest Partners B.V.'s principal office is in Amsterdam, Netherlands, according to its Form ADV; the April 2026 filing also lists 5 other offices (Schedule D, Section 1.F).

Is Alpinvest Partners B.V. registered with the SEC or a state?

Alpinvest Partners B.V. is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 159215.

How much does Alpinvest Partners B.V. manage?

Alpinvest Partners B.V. reports $39,877,769,139 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (94% discretionary).

How have Alpinvest Partners B.V.'s assets and staff changed since 2021?

In the Form ADV data for Alpinvest Partners B.V.: Regulatory assets under management: $55,690,187,527 in the October 2021 data and $39,877,769,139 in the October 2026 data, down 28%. Total employees: 160 in October 2021 and 289 in October 2026. Assets under management move with markets as well as with clients coming and going.

What types of clients does Alpinvest Partners B.V. serve?

By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (46); pension and profit sharing plans (but not the plan participants or government pension plans) (4); other investment advisers (3).

Does Alpinvest Partners B.V. report any disciplinary disclosures?

Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159215

What changed in Alpinvest Partners B.V.'s recent Form ADV filings?

In the April 2026 filing data: Employees performing advisory functions went from 106 to 127. Added an office in Washington, DC.

From the Form ADV filing

Every figure below is as the firm filed it with regulators, as of October 2026.

How the firm is compensated

Item 5.E
  • A percentage of assets under your management
  • Fixed fees (other than subscription fees)
  • Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Fees and minimums

Form ADV Part 2A

Asset-based fee: 0.1% to 1.6% a year (a range, as the brochure states it)

The brochure's wording
Management fees are generally calculated at an annual rate ranging from 0.1% to 1.6% of either available capital commitments or committed capital to investments for a period of one to five (or more) years

As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site

Regulatory assets under management

Item 5.F
$39,877,769,139

$39,877,769,139 as of October 2026, filing dated March 31, 2026.

Discretionary: $37,519,185,977.Non-discretionary: $2,358,583,162.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Who the firm serves

Item 5.D
Individuals (other than high net worth individuals)
Clients 0 Assets Not reported
High net worth individuals
Clients 0 Assets Not reported
Banking or thrift institutions
Clients 0 Assets Not reported
Investment companies
Clients 0 Assets Not reported
Business development companies
Clients 0 Assets Not reported
Pooled investment vehicles (other than investment companies and business development companies)
Clients 46 Assets $22,037,278,015 (55%)
Pension and profit sharing plans (but not the plan participants or government pension plans)
Clients 4 Assets $16,256,052,605 (41%)
Charitable organizations
Clients 0 Assets Not reported
State or municipal government entities (including government pension plans)
Clients 0 Assets Not reported
Other investment advisers
Clients 3 Assets $1,582,584,391 (4%)
Insurance companies
Clients 1 Assets $1,854,128 (0%)
Sovereign wealth funds and foreign official institutions
Clients 0 Assets Not reported
Corporations or other businesses not listed above
Clients 0 Assets Not reported

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Advisory services

Item 5.G
  • Portfolio management for pooled investment vehicles (other than investment companies)
  • Portfolio management for businesses (other than small businesses) or institutional clients
  • Selection of other advisers (including private fund managers)

Registration and firm details

Items 1, 2, 5
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
2011 (14 years)
Employees
Total: 289. Performing investment advisory functions: 127.
Wrap fee program participation
No.
Other offices (Schedule D, Section 1.F)
5 other offices, as of the April 2026 filing
Hong KongLondonNew York, NYSingaporeWashington, DC
States registered or notice-filed
Not reported.

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

3 Reports 3 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

  • 11.C(2) Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
  • 11.C(4) Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
  • 11.C(5) Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$55.7B 2021 $65.5B 2022 $63.4B 2023 $38B 2024 $36.7B 2025 $39.9B 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$39,877,769,139289March 31, 2026
October 2025$36,679,865,452236March 31, 2025
October 2024$38,009,066,713216July 16, 2024
October 2023$63,367,406,076191July 12, 2023
October 2022$65,456,066,180160July 18, 2022
October 2021$55,690,187,527160July 27, 2021

Regulatory assets under management: $55,690,187,527 in the October 2021 data and $39,877,769,139 in the October 2026 data, down 28%.

Total employees: 160 in October 2021 and 289 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

Changes in the filing

Last 12 months
  1. April 2026
    • Employees performing advisory functions went from 106 to 127.
    • Added an office in Washington, DC.
  2. November 2025
    • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Websites listed on Form ADV

Item 1.I
carlyle.comir.carlyle.comopen.spotify.com/show/0lSJsAuCuKk94tcR2p9yEuopen.spotify.com/show/6gfrqUhrdRzXUQuV9V2dtSpodcasts.apple.com/us/podcast/insights-and-indicators/id1607380340

Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."

Cite this page

AdvisorCensus. Alpinvest Partners B.V. (CRD 159215): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/alpinvest-partners-b-v-amsterdam-159215