AB CarVal is a Minneapolis-based institutional alternative investment manager within AllianceBernstein’s Private Alternatives business. The firm provides global credit-oriented capital across asset-based finance, opportunistic credit, aviation leasing and energy transition strategies, with a focus on finance, aerospace and aviation, energy and transportation-related assets. Founded in 1987, it manages approximately $26 billion in assets and is most relevant for companies, sponsors or asset owners seeking institutional debt, structured credit or other private-market financing rather than seed-stage venture funding.