AlpInvest Leads TJC's $2.1B Continuation Fund to Acquire Five Resolute III/IV Portfolio Assets
October 1, 2024
TJC LP closed a $2.1 billion continuation fund that purchased five portfolio companies, including assets from The Resolute Fund III and one asset jointly owned with Resolute IV. The transaction was led by AlpInvest (a Carlyle subsidiary) and gives TJC and its portfolio companies additional capital and time to pursue growth while offering liquidity options to Resolute III and Resolute IV limited partners.
- Buyers
- TJC LP Continuation Fund (Resolute Continuation Fund), AlpInvest (a subsidiary of Carlyle)
- Targets
- Five portfolio companies (assets from Resolute III and a portfolio company jointly owned with Resolute IV) [unnamed]
- Sellers
- The Resolute Fund III, L.P. (Resolute III), The Resolute Fund IV, L.P. (Resolute IV)
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Recapitalization
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