The deal reportedly centers on a healthcare billing and documentation services provider that Frazier initially acquired in 2020.
GIC is reportedly a prospective investor in the continuation fund, which values the South Korean gas manufacturer at $3.18 billion, up 13.5% from 2023.
The FTSE 250-listed private equity fund is selling partial interests in five Oakley funds at a 5.75% discount to their March 31 carrying value.
The GP-led deal included senior secured loans to more than 60 US lower-middle-market companies from two Tree Line direct lending funds.
The transaction extends the manager's hold on a portfolio of predominantly senior, US-focused direct lending investments.
The newly formed joint venture acquired an 87-building industrial portfolio across eight US markets, with GID retaining asset management responsibilities.
The deal allows Keyhaven to retain its investment in a luxury automotive components manufacturer following more than sevenfold EBITDA growth.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The European growth buyout investment manager closed a €635 million multi-asset CV earlier this year.
The New York-based asset manager entered private credit in 2024 by acquiring Avenue Capital's team and five funds with approximately $500 million in commitments.
