The South Korean multi-asset investment firm is focused on private equity and real estate investments.
The investment is part of a broader strategic partnership to establish a cross-border Shariah-compliant asset management platform focused on the GCC and Southeast Asia.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
The secondary sales of China-focused PE fund interests were reportedly put on hold after buyer valuations failed to meet expectations.
Japan's largest trust bank also intends to explore a country-focused GP stakes strategy through its partnership with HPC.
The National Pension Service of Korea and Townsend Holdings have also increased their ownership in the Australian alternative asset manager.
The two managers have also entered a long-term strategic partnership under which Stable will manage and monitor the portfolio on behalf of the Australian firm.
The process, comprising mostly of China-focused interests, is linked to several managers, including HSG, Warburg Pincus, and Boyu Capital Investment Management.
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.
