The direct infrastructure secondary increases Transurban's ownership across three major Sydney transport networks.
The AI-powered coding platform raised $400 million in March at a $9 billion valuation, nearly three times its level six months earlier.
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 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 transaction will reportedly value the India-based D2C lifestyle brand at up to $521 million, more than 3x its last reported mark.
The shares are reportedly being purchased from True North Capital and TPG's own NewQuest secondaries platform, in a deal valuing the Indian hospital chain at $1.3 billion.
The Mumbai-based PE firm reportedly acquired a 2–3% stake from early investors, employees, and some founder-owned entities in the ad tech company.
PJT has reportedly been selected to advise on trimming the sovereign wealth fund's portfolio.
The oversubscribed vehicle for the mass transit operator was backed by Australian superannuation funds and international institutional investors.
The firm is reportedly seeking to offload at least 40% of its holdings, in a deal that would value the Singapore-based company at $5 billion.
