The National Pension Service of Korea and Townsend Holdings have also increased their ownership in the Australian alternative asset manager.
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 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 private debt specialist, which operates a dedicated secondaries strategy, has reportedly held talks with several international investors.
The GP staker will support the Australian property investor's growth across distribution, product development, and institutionalization.
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 transaction expands BlueFive's Sharia-compliant asset management presence into Southeast Asia.
The direct infrastructure secondary increases Transurban's ownership across three major Sydney transport networks.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
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.
