The Chinese insurance group is reportedly seeking to scale back its software exposure, particularly in three North America-focused funds.
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 potential deal is reportedly comprised mostly of LP stakes in Asian private equity funds, including vehicles managed by EQT, TPG Asia, and KKR.
The direct infrastructure secondary increases Transurban's ownership across three major Sydney transport networks.
PJT has reportedly been selected to advise on trimming the sovereign wealth fund's portfolio.
Singapore's SWF is reportedly marketing PE fund interests managed by firms including EQT, TPG Asia and KKR, with PJT Partners advising.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
The secondary sales of China-focused PE fund interests were reportedly put on hold after buyer valuations failed to meet expectations.
The process, comprising mostly of China-focused interests, is linked to several managers, including HSG, Warburg Pincus, and Boyu Capital Investment Management.
The pension plan is reportedly looking to scale back legacy exposure to Asian private equity investments from the mid-2010s.
