AlpInvest abandons energy and infrastructure fund

The firm has decided to roll its energy/infrastructure investment efforts into its broader secondaries business.

Less than a year and a half after being hired by Carlyle’s AlpInvest Partners to focus on secondaries and co-investments in energy and infrastructure, Justine Gordon has left the firm, according to an AlpInvest spokesperson.

The fund of funds is also giving up its plans to raise a dedicated energy and infrastructure secondaries fund, Secondaries Investor reports.

“As disclosed to investors in October, and with their support given market opportunities, we decided to roll our energy/infrastructure investment efforts into our broader secondaries business,” the spokesperson said in an email. “We wish Justine well.

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