BMO Carlyle private equity strategy partnership

Private Markets. Simplified. Single point access for Canadian accredited investors to globally diversified private equity portfolio through an investor friendly format.

Why private equity?

Private equity asset class provides exposure to privately held companies that are drawn from the 80% of the economy that isn’t publicly traded1, and traditionally has only been available to large institutional investors. Private equity has historically been the highest returning2 segment of private markets and consistently outperform3 the public market.
Tall office buildings

Most large U.S business today are private

Companies with US$100M+ revenue1
Chart showing companies with US$100M+ revenue

Private Markets benchmarks

10 year IRR for period ended Q2 20232
Chart showing private markets benchmarks

Private Equity vs. Public Equity market equivalent

(Historical return, CAGR %)3
Chart showing private equity vs. public equity market equivalent

BMO Carlyle private equity strategy

Icon of the USD within a circle and a half circle below
Pure private equity
Global private equity solution designed as a return enhancer, while maintaining near-term liquidity.
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Carlyle platform
Partnered with Carlyle, a top 5 private equity manager4, and AlpInvest, its Global Investment Solutions business.
Private Markets. Simplified.
Investor-friendly, evergreen solution: fully invested, no capital calls, no reinvestment risk, monthly subscriptions and relatively low investment minimum.
Fund is expected to be available in Spring 2024

About Carlyle

logo Carlyre

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions (“AlpInvest”). With $426 billion of assets under management (AUM) as of December 31, 2023, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 28 offices across four continents.


Global Private Equity
US$161Bn AUM


Global Credit
US$188Bn AUM


Global Investment Solutions
11334, 11336, 29162, 11330, 11335, 11331

Meet the BMO Global Asset Management Alternatives Team

11334, 17037, 11331, 17036, 11335, 12199, 17041, 17035, 11531, 17032, 11336

For general enquiries

Please contact [email protected]



1 S&P Capital IQ, December 2022; Statistics of US Businesses; Bain & Company analysis.

2 Preqin – 10 year horizon IRR’s benchmarks for the period ending Q2 2023

3 Preqin – Private Capital Quarterly Index, June 30, 2023.

4 Forbes – by Assets Under Management (AUM) incl. Global Credit business segment, December 1st, 2023


The information provided is for informational purposes only. Under no circumstances is this document to be construed as an offer to sell securities or the provision of advice in relation to any securities. Any offer or sale of any securities referenced in this document will be made pursuant to a confidential offering memorandum or similar document to eligible investors who qualify as “accredited investors” under applicable Canadian securities laws. The strategy described herein is not intended for investors outside of Canada. In addition, any offer or sale of, or advice related to, any securities referenced in this document will be made only by a dealer registered in the appropriate category or relying on an exemption from registration. No Canadian securities regulatory authority has reviewed or in any way passed upon the information contained in this document or the merits of any securities referenced in this document, and any representation to the contrary is an offence.


Statements that depend on future events are forward-looking statements. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties, and assumptions. These statements may be based on assumptions that are believed to be reasonable, however there is no assurance that actual results may not differ materially from expectations. Investors should not rely solely on forward-looking statements and should carefully consider the areas of risk described in relevant offering documents.


BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. Certain products and services offered under the brand name, BMO Global Asset Management, are designed for specific categories of investors in Canada and may not be available to all investors. Products and services are only offered to investors in Canada in accordance with applicable laws and regulatory requirements.


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