The transaction was supported by Pantheon as lead investor and Coller Capital as junior lead investor.
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 multi-strategy investment firm is reportedly considering a $350-400 million CV for four portfolio companies.
The single-asset vehicle extends B2B software investor Viking Growth's hold on a recruitment and HR software platform.
In January, Blue Earth held the first close of its dedicated impact secondaries strategy with over $100 million in capital commitments.
The Swedish firm is reportedly considering moving a portfolio of five to ten investments held in its first venture fund.
