The partnership will reportedly target minority positions in mid-size private equity, real estate, credit, infrastructure, and secondaries managers.
The firm is eyeing up to $150 million in final commitments to pursue late-stage secondary deals across India and Southeast Asia.
Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
Blue Owl GP Stakes VI, which has raised approximately $10 billion, is expected to hold a final close this year.
The National Pension Service of Korea and Townsend Holdings have also increased their ownership in the Australian alternative asset manager.
SecondaryLink outlines the IRR & MOIC of several GP stakes funds managed by Blue Owl.
Blue Owl GP Stakes VI, which expects to wrap up fundraising this year, is roughly 40% committed against its $13 billion target.
The minority stake, acquired from Brookfield's private equity business, values the Australian alts manager at $2.1 billion.
Founded in 2002, CRC is a private credit manager that invests in bank capital strategies, mainly SRT transactions, that deliver non-dilutive capital solutions to European banks.
Bonaccord first backed the London-based private credit investor in 2021, helping scale its platform and broaden global reach.
