"The acquisition meaningfully expands WTW's ability to serve clients' evolving needs and deliver differentiated private market solutions," said Diya Luke, Global Head of Investments at WTW.
The vehicle will acquire New Zealand's largest egg supplier from the firm's 2013-vintage LBO fund, Navis Asia Fund VII.
At least 80% of net proceeds from the transaction will be directed toward a share buyback program aimed at generating liquidity and NAV accretion.
The Dutch investment manager is expanding into GP stakes investing while also developing a dedicated open-ended strategy for managing secondary investments.
In parallel, the firm's stakes in industrial gas supplier AirFirst will reportedly move into the open-ended fund via a continuation fund structure.
The newly registered interval fund follows a GP stakes investment strategy similar to the recently launched CAZ GP Stakes Fund.
The deal will expand Bow River's evergreen fund offerings with the establishment of a venture capital strategy.
The deal will expand Mercer's private markets platform, adding expertise in secondaries and evergreen vehicles to its offerings.
Institutional Link maps the fair value, cost, acquisition timeline, and more details for perpetual capital's most invested-in Q4 continuation fund.
The buyout-focused portfolio, sold at a 6% blended discount to NAV, will generate $300 million in net proceeds.
