Carlyle AlpInvest Private Markets Fund

Data through 2026-03-31 · latest filing SC TO-I filed 2026-07-31

Sponsored by Carlyle. Tender-Offer Fund structure focused on private equity.

Tender-Offer FundPrivate Equity

Sponsor: Carlyle
CIK: 0001899610
Liquidity: Quarterly tender offers
Inception: 2023

Net assets: $4.39B

source

Shareholder report (Form N-CSR) · filed 2026-06-03 · period 2026-03-31

per-class statement blocks (V5 family, non-FS filer agent)

“Class I: NA $3,270,637,771 (x1), 203,261,222 sh, NAV $16.09 | Class A: NA $931,478,773 (x1), 58,750,374 sh, NAV $15.85 | Class W: NA $191,861,213 (x1), 12,129,240 sh, NAV $15.82 | Class X: NA $10,708 (x1), 674 sh, NAV $15.88”

Method Matched text template against the filing

Open the filing on SEC.gov · Full observation history

Technical locator

https://www.sec.gov/Archives/edgar/data/1899610/000189961026000006/capm_202603xn-csr.htm | per-class statement blocks (V5 family, non-FS filer agent)
NAV / share: $16.09

source

Shareholder report (Form N-CSR) · filed 2026-06-03 · period 2026-03-31

per-class statement blocks (V5 family, non-FS filer agent), Class I

“Class I: NA $3,270,637,771 (x1), 203,261,222 sh, NAV $16.09 | Class A: NA $931,478,773 (x1), 58,750,374 sh, NAV $15.85 | Class W: NA $191,861,213 (x1), 12,129,240 sh, NAV $15.82 | Class X: NA $10,708 (x1), 674 sh, NAV $15.88”

Method Matched text template against the filing

Open the filing on SEC.gov · Full observation history

Technical locator

https://www.sec.gov/Archives/edgar/data/1899610/000189961026000006/capm_202603xn-csr.htm | per-class statement blocks (V5 family, non-FS filer agent), Class I
Net flows, last qtr: +10.4%
Distribution coverage: Not reported
Leverage in use: Unlevered
Total return, 12m: Pending

01 / Signals

What changed in the latest filings.

Current findings ordered by severity. Each observation remains traceable to its filed source.

No current red or yellow flags in filings reviewed through 2026-07-31.

02 / Trends

How the fund has moved.

Net asset value, total return, capital flows, and distribution coverage across the filing record.

NAV per share

Net capital flows, % of NAV

Filed performance

Window	Class	Basis	Return	Source
2025-04-01 to 2026-03-31 fiscal year · annualization not stated	Class I	basis not stated in the filed row Filed return footnote (c) Total investment return is calculated assuming a purchase of common share at the opening on the first day and a sale at closing on the last day of each period reported. Dividends and distributions are assumed for purposes of this calculation to be reinvested at prices obtained under the Fund's dividend reinvestment plan. Total investment return does not reflect sales load or brokerage commissions, if any, and is not annualized.	+11.99%	SEC source 0001899610-26-000006 N-CSR filed 2026-06-03
2025-04-01 to 2025-09-30 semiannual · annualization not stated	Class I	basis not stated in the filed row Filed return footnote (c) Total investment return is calculated assuming a purchase of common share at the opening on the first day and a sale at closing on the last day of each period reported. Dividends and distributions are assumed for purposes of this calculation to be reinvested at prices obtained under the Fund's dividend reinvestment plan. Total investment return does not reflect sales load or brokerage commissions, if any, and is not annualized.	+7.26%	SEC source 0001899610-25-000013 N-CSRS filed 2025-12-01
2024-04-01 to 2025-03-31 fiscal year · annualization not stated	Class I	basis not stated in the filed row Filed return footnote (c) Total investment return is calculated assuming a purchase of common share at the opening on the first day and a sale at closing on the last day of each period reported. Dividends and distributions are assumed for purposes of this calculation to be reinvested at prices obtained under the Fund's dividend reinvestment plan. Total investment return does not reflect sales load or brokerage commissions, if any, and is not annualized.	+21.74%	SEC source 0001899610-25-000007 N-CSR filed 2025-06-02
2024-04-01 to 2024-09-30 semiannual · annualization not stated	Class I	basis not stated in the filed row Filed return footnote (c) Total investment return is calculated assuming a purchase of common share at the opening on the first day and a sale at closing on the last day of each period reported. Dividends and distributions are assumed for purposes of this calculation to be reinvested at prices obtained under the Fund's dividend reinvestment plan. Total investment return does not reflect sales load or brokerage commissions, if any, and is not annualized.	+11.19%	SEC source 0001899610-24-000011 N-CSRS filed 2024-11-26

Figures are reproduced from filed disclosures with their exact window, class, and stated basis. They are separate from the calculated NAV-plus-distributions index and from manager-source monthly returns.

Monthly performance eligibility

Canonical class: Class I · basis: no qualifying monthly chain · qualifying history: 0 months.

1y: Pending; 3y: Pending; 5y: Pending Manager-published observations remain distinct from SEC-filed facts and publish only after declared-crawler, robots, class, exact-window, and SEC-precedence gates pass.

03 / Portfolio

What moved inside the book.

Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.

Pending

04 / Redemptions

Where exit demand met the cap.

Stated cap: 5% of net assets/quarter. The disclosed history shows no rationed period.

Requested redemptions versus cap

Period	Requested	Filled	Cap used	Status
2026-02-27	0.4% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-06-03 · period 2026-02-27 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	filled
2025-12-02	1.2% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-03-16 · period 2025-12-02 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	filled
2025-08-29	1.9% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-03-16 · period 2025-08-29 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	filled
2025-05-30	2.0% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2025-08-12 · period 2025-05-30 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	filled
2025-02-28	1.4% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2025-05-14 · period 2025-02-28 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	filled
2024-12-02	0.5% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2025-03-18 · period 2024-12-02 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	filled
2024-08-29	0.05% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2025-03-18 · period 2024-08-29 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	filled
2024-05-28	0.0% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2024-11-01 · period 2024-05-28 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	filled
2024-02-26	0.0% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2024-11-01 · period 2024-02-26 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	filled

05 / Financing

How the balance sheet is funded.

Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.

Pending

06 / Share classes

How the offering is divided.

A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.

Not attributed 100.0%

Share of total net assets ($4,393,988,465) as of 2026-03-31; the hatched band is net assets the filings do not attribute to a captured class.

Class	Terms-based role description	Load	Servicing	Minimum	Assets
Class I	Pending	Pending	Pending	Pending	Pending

Management fee: 1.25% of nav per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001899610-26-000006.

Filed fee conditions

In consideration of the advisory services provided by the Adviser, the Fund pays the Adviser a monthly management fee equal to 1.25% on an annualized basis of the Fund's net asset value (including assets held in a Subsidiary) as of the last day of the month, calculated after any subscriptions but prior to any repurchases occurring in that month and prior to any reduction for fees/expenses for that month.

Canonical-class fee profile

Class	Management	Incentive	Load	Servicing	Gross expenses	Net expenses
Class I	1.25%	10% of total return + high-water mark * Incentive Fee: 10.00% of net profits over the Loss Recovery Account; Prior losses in the Loss Recovery Account must first be recovered. SEC source 0001899610-26-000006	Pending	Pending	2.85%filed basis * Filed label: Ratio of expenses to average net assets attributable to common shares, excluding fee waiver (d); period 2026-03-31. before/excluding fee relief (explicit filing row); waiver state: before / excluding disclosed support. SEC source 0001899610-26-000006	2.85%filed basis * Filed label: Ratio of expenses to average net assets attributable to common shares, including fee waiver (d); period 2026-03-31. After waiver: not separately stated; interest: not separately stated; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001899610-26-000006

Fee component	Rate	Basis / class	Condition
Performance · Incentive Fee	10.00%	net profits over the Loss Recovery Account	Prior losses in the Loss Recovery Account must first be recovered.

SEC source 0001899610-26-000006 · SEC source 0001899610-26-000006

Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.

07 / Sources

The evidence beneath the page.

Filed terms and recent documents remain available without crowding the primary research flow.

Term register (1)

Term	Description	Value	Effective
advisory_fee_schedule	In consideration of the advisory services provided by the Adviser, the Fund pays the Adviser a monthly management fee equal to 1.25% on an annualized basis of the Fund's net asset value (including assets held in a Subsidiary) as of the last day of the month, calculated after any subscriptions but prior to any repurchases occurring in that month and prior to any reduction for fees/expenses for that month.	1.25 pct_annual_of_nav	Pending

Recent filings

Filed	Form	Accession
2026-07-31	SC TO-I	0001398344-26-013267
2026-06-03	N-CSR	0001899610-26-000006
2026-06-03	SC TO-I/A	0001398344-26-010284
2026-06-01	NPORT-P	0001049169-26-001560
2026-04-29	SC TO-I	0001398344-26-007692
2026-03-16	SC TO-I/A	0001398344-26-005194
2026-03-16	SC TO-I/A	0001398344-26-005192
2026-02-27	NPORT-P	0001049169-26-000694
2026-01-29	SC TO-I	0001398344-26-001575
2025-12-01	NPORT-P	0001049169-25-000998
2025-12-01	N-CSRS	0001899610-25-000013
2025-10-31	SC TO-I	0001398344-25-020110
2025-08-25	NPORT-P	0001049169-25-000319
2025-08-12	SC TO-I/A	0001398344-25-015116
2025-08-01	SC TO-I	0001398344-25-014334