AlpInvest to invest more in distressed companies -paper
Date: December 23, 2008
AMSTERDAM, Dec 23 (Reuters) – Dutch private equity investor AlpInvest plans to increase its holdings of distressed companies because the assets offer potentially attractive returns, AlpInvest managing partner Wim Borgdorff told a Dutch paper on Tuesday.
AlpInvest has 75 to 80 percent of its funds, which total more than 40 billion euros ($56 billion), invested in leveraged buy-outs of which 1 to 2 percent is invested in distressed companies, Dutch daily Het Financieele Dagblad cited Borgdorff as saying.
AlpInvest, owned and funded by Dutch pension funds ABP and PFZW, wants to increase the percentage of distressed holdings to between 10 and 15 percent in the next 12 to 24 months, the paper reported.
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Source: Reuters
