The proposed deal would accelerate liquidity for current investors while the firm simultaneously eyes its next GP stakes vehicle, targeting $5.6 billion.
The European growth buyout investment manager closed a €635 million multi-asset CV earlier this year.
The private debt specialist, which operates a dedicated secondaries strategy, has reportedly held talks with several international investors.
The passive minority investment will reportedly strengthen the Swiss private equity firm's balance sheet and support team expansion and alignment with LPs.
The New York-based asset manager entered private credit in 2024 by acquiring Avenue Capital's team and five funds with approximately $500 million in commitments.
The UK accountancy group is reportedly valued at more than £1 billion, with Penta retaining management of the asset after abandoning an earlier sale.
The investment in the Brazilian alternative asset manager will be made through a primary capital injection, with no existing partners selling their holdings.
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.
