The Swedish firm is reportedly considering moving a portfolio of five to ten investments held in its first venture fund.
The potential vehicle follows Antin's July agreement to sell ~30% of the asset to GLIL Infrastructure from its €3.6 billion Fund III.
The oversubscribed vehicle provides liquidity to investors in Bridgepoint Direct Lending II, which holds a portfolio of senior secured European middle-market loans.
The continuation fund, managed by Victory Hill, will hold two operating liquid storage terminals in the Port of Brownsville.
The growth-oriented investor reportedly offered stakes in companies including OpenAI and SpaceX to attract interest in the CV.
Under the non-binding agreement, O3 may increase its ownership in the social impact investor if certain fund launch and fundraising milestones are met.
The single-asset vehicle extends B2B software investor Viking Growth's hold on a recruitment and HR software platform.
The transaction was supported by Pantheon as lead investor and Coller Capital as junior lead investor.
In January, Blue Earth held the first close of its dedicated impact secondaries strategy with over $100 million in capital commitments.
Jefferies advised on the deal, which involved eight assets from the 2016-vintage EQT Ventures I.
