The exit is part of TPG's overall acquisition of the digital infrastructure fund manager.
The Swiss manager will acquire ownership in the pan-Nordic data center platform through its infrastructure secondaries strategy.
The deal expands Flexstone's private markets platform with the addition of Glouston's North American middle market secondaries strategy.
The transaction adds nine private equity and credit secondaries strategies to EQT's offering, while its combined evergreen platform now exceeds €10 billion in NAV.
Under the non-binding agreement, O3 may increase its ownership in the social impact investor if certain fund launch and fundraising milestones are met.
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 facility for a GP stakes fund provides incremental capital to support the borrower's acquisition strategy.
An institutional LP is considering rolling approximately $300 million of existing exposure across two funds into the new vehicle, after participating in the manager's European CV earlier this year.
The secondary market specialist will remain independently managed by its existing leadership team, with no changes to its investment strategy.
The GP stakes specialists sold their minority stakes to DigitalBridge as part of its $1.05 billion acquisition of the infrastructure investor.
