Carlyle in talks to buy AlpInvest -source

* Deal not imminent; seen in first quarter -source

* AlpInvest helps Carlyle diversify as it eyes IPO

* AlpInvest manages more than $52 bln

By Megan Davies

NEW YORK, Dec 22 (BestGrowthStock) – Carlyle Group [CYL.UL] is in
talks to buy AlpInvest Partners, one of the world’s largest
private equity investors with more than 40 billion euros ($52.4
billion) under management, a source familiar with the situation
said on Wednesday.

A deal is not imminent and could be be reached in the first
quarter, the source said, declining to be named because the
talks are not public.

AlpInvest, which manages the private equity investments for
Dutch asset managers APG and PGGM Investments, would help
Carlyle diversify its businesses as it prepares to follow
rivals Blackstone Group (BX.N: ) and KKR (KKR.N: ) to a public
listing.

Carlyle, one of the world’s largest buyout firms with $97.7
billion under management and investments in companies such as
Dunkin’ Brands, has been considering an initial public offering
for years and may file papers to go public late next year, a
source previously told Reuters.

A sale of AlpInvest has been in the works for several
months, according to media reports. APG and PGGM each own 50
percent of AlpInvest.

APG is the asset manager for ABP, the world’s third-largest
sovereign pension fund. PGGM is the asset manager for PFZW, the
pension fund for the Dutch care and welfare sector.

Carlyle declined to comment on the news, which was first
reported by Bloomberg. AlpInvest was not immediately available
for comment.
(Reporting by Megan Davies; writing by Paritosh Bansal;
Editing by Derek Caney)

Carlyle in talks to buy AlpInvest -source