"The realization of our Avenue Golden Fund - Middle River investment represents a landmark transaction for the Avenue Energy team and a strong outcome for our fund investors," said Marc Lasry, Co-Founder and CEO of Avenue Capital Group.
The deal valued the San Francisco-based software company at $2.5 billion, with Accel and 01A participating alongside new investors Salesforce Ventures and S32.
Goldman Sachs Alternatives, Wells Fargo, and DocuSign joined the deal, which valued the AI company at $5.2 billion.
The direct secondary transaction returns full ownership of the Berlin-based automotive parts platform to its three founders.
The direct secondaries deal gives the French manager full ownership of the 460 MW Horse Creek and Electra wind farms in Texas, which it has backed since 2018.
The deal will see third-party holders sell $306.2 million of GP and LP interests in oil and gas royalties to the second-largest coal producer in the eastern US.
The transaction consisted of a $775 million primary capital raise and a $225 million secondary purchase from existing investors.
Sustainability-focused asset manager Power Sustainable will retain majority ownership and continue to oversee its operations.
The deal also drew investment from several family offices, including SRF Family Office.
The deal will see the firm buy the interest from Talanx, who will continue to support the company's growth alongside Allianz.
