UBS & $453 Billion Private Equity Firm Carlyle Group Partner to Launch Open-Ended Private Equity Secondaries for Wealth Management Clients, UBS Unified Global Alternatives & Carlyle AlpInvest to Provide Institutional Quality Private Equity Secondary Market Opportunities to Clients
29th June | Hong Kong
UBS & private equity firm Carlyle Group ($453 billion AUM) have formed a partnership to launch open-ended private equity secondaries for wealth management clients, with UBS Unified Global Alternatives ($295 billion invested assets) & Carlyle AlpInvest to provide institutional quality private equity secondary market opportunities to clients. Announcement (26/6/25): “Global investment firm Carlyle (NASDAQ: CG) and UBS’s Unified Global Alternatives (UGA) business, today announced their collaboration on an open-ended private equity secondaries initiative for wealth management clients. The initiative aims to provide institutional-quality secondaries exposure with enhanced liquidity, diversification, and long-term value.”
“ UBS & $453 Billion Private Equity Firm Carlyle Group Partner to Launch Open-Ended Private Equity Secondaries for Wealth Management Clients, UBS Unified Global Alternatives & Carlyle AlpInvest to Provide Institutional Quality Private Equity Secondary Market Opportunities to Clients “
Shane Clifford, Global Head of Wealth at Carlyle: ”This collaboration underscores our commitment to expanding access to world-class private market solutions while maintaining the rigor and discipline of our institutional platform. By combining Carlyle AlpInvest’s global secondaries expertise with that of UBS’s Unified Global Alternatives business, our goal is to deliver a compelling solution to investors.”
Chris Perriello, Global Head of Secondaries at Carlyle AlpInvest: “The secondaries market has grown and matured over the past two decades, and today we’re seeing one of the most active environments in years—with high-quality portfolios coming to market and a range of sellers seeking flexible solutions. With a long history of sourcing and executing complex secondary transactions globally, this initiative is a natural way to bring that expertise to a broader set of investors.”
Jerry Pascucci, Co-Head of UGA at UBS: “We are proud to innovate with the world’s premier GPs, capitalizing on the scale, breadth, and resources of our leading private markets franchises to serve clients’ investment needs across the spectrum of alternative investment strategies.
Johannes Roth, Co-Head of UGA at UBS: “We are delighted to collaborate with Carlyle AlpInvest, combining our deep experience to deliver private equity secondary market opportunities for clients. With this collaboration, we can also bring together Carlyle’s expertise with UGA’s global network and sourcing relationships to drive a robust deal funnel.”
Carlyle – Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $453 billion of assets under management as of March 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents
UBS Unified Global Alternatives (UGA) – UBS’s Unified Global Alternatives (UGA) business brings together our leading alternatives manager selection franchises from Asset Management and Global Wealth Management. With combined invested assets of approximately $295 billion, UGA is one of the leading global alternative LPs. To serve our clients’ alternative investment needs, UGA maintains, manages and curates one of the world’s premier open architecture platforms across hedge funds, private equity, private credit, real estate, infrastructure and multi-alternative investment products. We are also able to provide access to exclusive co-investments and secondary market opportunities for our more sophisticated clients.
UBS & $453 Billion Private Equity Firm Carlyle Group Partner to Launch Open-Ended Private Equity Secondaries for Wealth Management Clients, UBS Unified Global Alternatives & Carlyle AlpInvest to Provide Institutional Quality Private Equity Secondary Market Opportunities to Clients
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