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 passive minority investment will reportedly strengthen the Swiss private equity firm's balance sheet and support team expansion and alignment with LPs.
In addition to seed capital, the GP stakes firm will also provide support across talent acquisition, capital formation, and operations.
The deal marks the sixth investment made by Armen's inaugural GP stakes fund, which targets a portfolio of European alternative asset managers across different strategies.
The employee and early investor auction valued the workplace trust company at over £100 million and marked the third transaction conducted under the PISCES framework.
Existing investors in the German robotics startup, including Sequoia and Lightspeed, participated alongside new backers.
The $300 million secondary share sale was led by Wellington and T. Rowe Price and brought in new investors, including EQT, Goldman Sachs, and Sapphire Ventures.
The deal, which includes future fund commitments, expands Temasek's exposure to Italy's mid-market.
The GP stakes deal builds on a 2024 strategic partnership, which established Lazard Elaia Capital as a technology-focused private equity investment platform.
Based in Ireland, Hatch Blue is a GP specializing in aquaculture and the seafood value chain.
