The disposal to a consortium of other UK schemes was facilitated by online LP-led platform MeltX and received legal support from Willkie Farr & Gallagher and Hogan Lovells.
The oversubscribed vehicle provides liquidity to investors in Bridgepoint Direct Lending II, which holds a portfolio of senior secured European middle-market loans.
Singapore's SWF is reportedly marketing PE fund interests managed by firms including EQT, TPG Asia and KKR, with PJT Partners advising.
The manager's debut vehicle, which closed in December, primarily targets secondary LP interests across special situations credit, direct lending, and infrastructure-like private equity.
The reported GP-led secondary sale would rank among the largest private credit secondary deals to date.
The portfolio and single-fund sales included stakes in US-based credit funds with 2019-2022 vintages.
The Paris-based manager is reportedly securitizing private fund interests held through its secondaries strategy.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
The portfolio sale to a JV between Arrow Global and Fortress Investment Group is expected to generate roughly C$1 billion in net proceeds to the pension.
Founded in 2002, CRC is a private credit manager that invests in bank capital strategies, mainly SRT transactions, that deliver non-dilutive capital solutions to European banks.
