The proposed deal would accelerate liquidity for current investors while the firm simultaneously eyes its next GP stakes vehicle, targeting $5.6 billion.
The Toronto-based manager primarily invests in Series A and Series B technology companies.
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 CV would reportedly acquire ByteDance and Ant Group stakes at a roughly 30% discount to their combined $1.5 billion NAV.
GCM Grosvenor, Ardian, StepStone, North Hudson Resource Partners, and Phoenix Insurance anchored the single-asset vehicle for energy infrastructure company Next Wave.
The 2025 SecLink Awards winner has returned $4.6 billion of capital to investors through five strip sales over the past two years.
The deal gave investors in Carlyle Credit Opportunities Fund II a liquidity option, while adding capital to support the media investment manager's growth.
The firm's third vehicle is reportedly targeting the same $5.6 billion size as the preceding vintage.
