AlpInvest appoints two new partners(3)

The biggest private equity investor in Europe has bolstered its team with the appointment of two partners to its New York and Amsterdam offices.

AlpInvest Partners, a Dutch private equity investor, has recruited Elliot Royce as a partner in its fund investment team in New York. The firm has also promoted Wouter Moerel to a partner in its secondary investment team in Amsterdam.

Royce was previously at Alliance Private Equity Partners, where he was managing director of US fund investments and head of the firm’s New York office. Before that, he worked at GE Equity, the private equity business of General Electric.

Moerel has been at AlpInvest since 2005. He was formerly a principal at The Carlyle Group and a vice president at both JP Morgan Chase and Lehman Brothers.

AlpInvest is the vehicle formed to manage the alternative investments of ABP and PGGM, two big Dutch pension funds. It has more than €35 billion under management, and has invested more than €14 billion in private equity in the last four years – making it Europe’s biggest investor in the asset class.

Around 80 percent of its assets lie in primary and secondary fund interests, though it also has growing co-investment and mezzanine divisions.

PEO reported two weeks ago that the firm is soon to open a London office to add to its existing offices in Amsterdam, New York and Hong Kong.