The single-asset CV was executed alongside the sale of a 50% stake in the Peruvian power generation company to CPP Investments.
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 15-asset vehicle, among the largest GP-led infrastructure deals to date, drew more than $7 billion of demand and included around $2.5 billion of new capital.
The direct infrastructure secondary increases Transurban's ownership across three major Sydney transport networks.
The oversubscribed vehicle for the mass transit operator was backed by Australian superannuation funds and international institutional investors.
An institutional LP is considering rolling approximately $300 million of existing exposure across two funds into the new vehicle, after participating in the manager's European CV earlier this year.
The Connecticut-based manager specializes in energy infrastructure investments, including renewable power generation, battery storage, and midstream and downstream assets.
The single-asset vehicle extends the infrastructure specialist's hold on a Peruvian private power generation company.
The single-asset vehicle increased the Spanish manager's stake in an energy transition platform.
The network spans thousands of kilometres across Saudi Arabia and generates tariff revenue under a 25-year lease agreement.
