The vehicle was established to acquire a portfolio of mid- to large-cap assets valued at $770 million as of December 2024, with primary exposure to China.
The multi-strategy investment firm is reportedly considering a $350-400 million CV for four portfolio companies.
An institutional LP is considering rolling approximately $300 million of existing exposure across two funds into the new vehicle, after participating in the manager's European CV earlier this year.
The single-asset continuation fund was reportedly backed by the California Public Employees' Retirement System, Partners Capital, and Caltech.
Singapore's SWF is reportedly marketing PE fund interests managed by firms including EQT, TPG Asia and KKR, with PJT Partners advising.
Hamilton Lane and Lead Edge are reportedly leading the continuation fund, with CPP Investments committing $50 million to the vehicle.
The oversubscribed vehicle for portfolio company Imaging Associates reportedly includes a simultaneous merger with an industry peer.
The single-asset CV was executed alongside the sale of a 50% stake in the Peruvian power generation company to CPP Investments.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
The oversubscribed vehicle rolled over a portfolio of investments made between 2015 and 2021.
