Protein interactions are key in vital biological process. In many cases, particularly often in regulation, this interaction is between a protein and a shorter peptide fragment. Such peptides are often part of larger disordered regions of other proteins. The flexible nature of peptides enable rapid, yet specific, regulation of important functions in the cell, such as the cell-cycle. Because of this, understanding the molecular details of these interactions are crucial to understand and alter their function, and many specialized computational methods have been developed to study them.The recent release of AlphaFold and now AlphaFold-Multimer has caused a leap in accuracy for computational modeling of proteins. Additionally, AlphaFold has proven generalizable enough that it can be adapted to a number of specialized protein modeling challenges outside of the original single-chain protein modeling it was trained for.In this paper, the ability of AlphaFold to predict which peptides and proteins interact as well as its accuracy in modeling the resulting interaction complexes are benchmarked against established methods in the fields of peptide-protein interaction prediction and modeling. We find that AlphaFold-Multimer consistently produces predicted interaction complexes with the best DockQ-scores, with a mean DockQ of 0.49 for all 247 complexes investigated. Additionally, it can be used to separate interacting from non-interacting pairs of peptides and proteins with ROC-AUC and PR-AUC of 0.75 and 0.54, respectively, best among the method in benchmark. However, there is still room for improvement, for a decent precision of 0.8 it only recalls 0.2 of the positive examples (FPR=0.01), which means the will miss many true interactions. By combining AlphaFold-Multimer with InterPep2 the model quality for interacting proteins is increased, but it does not improve the separation of interacting from non-interacting.