The strategic partnership also includes Blackstone committing up to $2 billion in capital to support ITE.
The management buyback closes out AMG's investment in the former Comvest business, with total proceeds of about $294 million.
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 expands BlueFive's Sharia-compliant asset management presence into Southeast Asia.
The direct infrastructure secondary increases Transurban's ownership across three major Sydney transport networks.
The deal, which includes future fund commitments, expands Temasek's exposure to Italy's mid-market.
The oversubscribed vehicle for the mass transit operator was backed by Australian superannuation funds and international institutional investors.
The deal would reportedly expand the firm's presence in Europe and boost its infrastructure exposure.
The partnership will also develop products for wealth investors, beginning with an evergreen private equity secondaries fund expected in the coming weeks.
The GP stakes specialists sold their minority stakes to DigitalBridge as part of its $1.05 billion acquisition of the infrastructure investor.
