The Chinese technology giant is reportedly expected to have a valuation of at least $350 billion.
The multi-strategy investment firm is reportedly considering a $350-400 million CV for four portfolio companies.
Existing investors Verlinvest and the Mirchandani family have also increased their stakes in the India-based yogurt brand.
The oversubscribed vehicle for portfolio company Imaging Associates reportedly includes a simultaneous merger with an industry peer.
Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
The oversubscribed vehicle rolled over a portfolio of investments made between 2015 and 2021.
Anchored by a stake in TikTok parent ByteDance, the multi-asset CV reportedly drew backing from Abu Dhabi's Lunate, among others.
The reported stake divestment by General Atlantic marks a ~15% uplift over the TikTok parent's valuation in a November share auction.
The oversubscribed vehicle received additional participation from CSSC Insurance, Wuxi Venture Capital, Boyuan Capital, and Huikai Investment.
If completed, Elon Musk's space exploration company would eclipse OpenAI as the most valuable privately held company.
