The GP-led CFO gives investors exposure to funds across PE secondaries, portfolio finance, and co-investment strategies, along with two recently completed PE secondary deals.
The Seoul-based manager is reportedly targeting a year-end close for the $1.3 billion vehicle, with capital being sought from international and domestic investors.
The reported deal comes four years after IQ-EQ was transferred into a €1.3 billion CV and follows indications in January that Astorg was considering a sale.
The transaction allows AE Industrial to retain its investment in a defense components distributor, while providing fresh capital for organic growth and potential acquisitions.
The $109 billion Canadian pension fund joins Lunate-backed Axight as a minority shareholder after the latter acquired a 27% stake from Brookfield earlier this year.