Alternatives at AB
AB CarVal is an established global alternative investment manager and part of AllianceBernstein’s Private Alternatives business. Since 1987, AB CarVal’s team has navigated through ever-changing credit market cycles, investing $162 billion in 5,905 transactions across 82 countries. Today, AB CarVal has approximately $26 billion in assets under management. The firm has a 39-year history, strong track record and an established reputation in asset-based finance with a team of approximately 65 investment professionals in the US, Europe and Asia. A key differentiator is the firm’s robust global network of established relationships with operating platforms and partners.
Investment Strategies
Asset-Based Finance
Powers the real economy where consumers and capital markets converge
Aviation Leasing
Purchasing and leasing commercial aircraft to carriers across the globe
Energy Transition
Private financings to developers, corporates, and projects backed by tangible assets and collateral
Opportunistic Credit
Event-driven strategies focused on preserving capital through a value investment approach
A Timeline of Success
AB CarVal was founded in 1987 by Cargill. As a value investor, AB CarVal grew rapidly and established a firm foundation in the wake of the United States’ financial crisis of the early 1990s. In the years that followed, AB CarVal expanded to Europe, Asia and Latin America as investment opportunities developed from ever-changing credit market cycles.
In 2006, AB CarVal became an independent subsidiary of Cargill, allowing the firm to expand more broadly as a fund manager. In 2019, AB CarVal became an employee-owned firm. In 2022, AB CarVal was acquired by AllianceBernstein.
Today, with an experienced senior team of investment professionals and dedicated operations, tax and legal teams across the globe, AB CarVal is an established alternative investment fund manager. AB CarVal’s deep team is focused today on market dislocations globally.
*AUM is comprised of fee-earning AUM and fee-eligible AUM. Fee-earning AUM includes those assets currently qualified to generate management or performance fees. Fee-eligible AUM includes capital that is committed to an AB CarVal investment vehicle but is currently uncalled or recallable. Both figures include assets that may not be generating management or performance fees solely due to AB CarVal’s decision not to charge fees. AUM includes capital from an insurance-dedicated fund that invests in underlying funds managed by AB CarVal. To the extent these investments are included in the underlying funds’ AUM, such assets are included only once in AUM.