The transaction expands BlueFive's Sharia-compliant asset management presence into Southeast Asia.
The AI-powered coding platform raised $400 million in March at a $9 billion valuation, nearly three times its level six months earlier.
The private debt specialist, which operates a dedicated secondaries strategy, has reportedly held talks with several international investors.
The GP staker will support the Australian property investor's growth across distribution, product development, and institutionalization.
The investment is part of a broader strategic partnership to establish a cross-border Shariah-compliant asset management platform focused on the GCC and Southeast Asia.
Japan's largest trust bank also intends to explore a country-focused GP stakes strategy through its partnership with HPC.
The National Pension Service of Korea and Townsend Holdings have also increased their ownership in the Australian alternative asset manager.
The two managers have also entered a long-term strategic partnership under which Stable will manage and monitor the portfolio on behalf of the Australian firm.
The minority stake, acquired from Brookfield's private equity business, values the Australian alts manager at $2.1 billion.
Founded in 2002, CRC is a private credit manager that invests in bank capital strategies, mainly SRT transactions, that deliver non-dilutive capital solutions to European banks.
