The deal will see third-party holders sell $306.2 million of GP and LP interests in oil and gas royalties to the second-largest coal producer in the eastern US.
The firm's flagship Cox Retail Secondaries Fund I is offering to purchase up to $2.5 million of Variant Alternative Income Fund shares at a 40% discount to October 26 NAV.
The newly formed joint venture acquired an 87-building industrial portfolio across eight US markets, with GID retaining asset management responsibilities.
The direct secondaries deal gives the French manager full ownership of the 460 MW Horse Creek and Electra wind farms in Texas, which it has backed since 2018.
The pension committed to selling its full interests in several EnCap-managed funds to reduce commodity exposure and diversify away from energy.
The secondary deal gives GenZero exposure to an Asia-focused mid-market infrastructure portfolio centered on energy transition and sustainable assets.
The transaction consisted of a $775 million primary capital raise and a $225 million secondary purchase from existing investors.
Sustainability-focused asset manager Power Sustainable will retain majority ownership and continue to oversee its operations.
The deal also drew investment from several family offices, including SRF Family Office.
The deal will see the firm buy the interest from Talanx, who will continue to support the company's growth alongside Allianz.
