AllianceBernstein, a research and global investment firm, completed the acquisition of CarVal Investors, an alternative investment manager, for $750m. "We are pleased to complete this acquisition of global manager CarVal Investors, which expands AB's private markets platform to $5bn in AUM, underscoring our commitment to accelerating the growth of our Private Alternatives business, with our partner Equitable," Seth Bernstein, AllianceBernstein CEO and President.