Global investment firm Carlyle and UBS’s Unified Global Alternatives (UGA) business have partnered to launch an open-ended private equity secondaries initiative for wealth management clients.

The initiative seeks to provide institutional-quality secondaries exposure with enhanced diversification, liquidity, and long-term value to wealth professionals.

Carlyle global head of wealth, Shane Clifford, said that the collaboration underscored its commitment to expanding access to private market solutions, while maintaining the “rigour and discipline” of its 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,” Clifford added.

Carlyle AlpInvest global head of secondaries, Chris Perriello, noted that the secondaries market had grown and matured over the past to two decades.

“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,” Perriello continued.

“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.”

UBS co-head of UGA, Johannes Roth, added: “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.”

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