AlpInvest Partners, a subsidiary of Carlyle (Nasdaq: CG), has closed its lead investment in a $2.2 billion continuation fund sponsored by private equity firm Leonard Green & Partners.

The continuation fund was established to acquire four portfolio companies across Green Equity Investors VI and Green Equity Investors VII. The transaction provides liquidity to existing investors seeking to monetize performance to-date, while offering AlpInvest and other existing investors the opportunity to invest in four businesses, including SRS Distribution, ExamWorks, Veritext and Troon Golf.

Evercore served as financial advisor to LGP, with Gibson Dunn & Crutcher LLP serving as LGP’s legal counsel. Ropes & Gray LLP served as legal counsel for AlpInvest Partners.