The cash-and-equity deal broadens CVC's access to the US credit market and will see its credit FPAUM increase to €61 billion.
Under the non-binding agreement, O3 may increase its ownership in the social impact investor if certain fund launch and fundraising milestones are met.
The deal marks Reality Growth's second investment since launching earlier this year as a dedicated GP stakes platform.
The reported GP-led secondary sale would rank among the largest private credit secondary deals to date.
The GP stakes deal builds on a 2024 strategic partnership, which established Lazard Elaia Capital as a technology-focused private equity investment platform.
The GP stakes deal is part of an expanded strategic partnership aimed at supporting the alternative asset manager's direct lending strategy.
Founded in 2024 by former Park Square executive Jacob Ucar, Kinnerton provides debt and minority equity capital to mid-market businesses.
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.
The Taconic spin-off, which received a $200 million strategic investment from Stable, will launch a credit-focused evergreen fund.
Bonaccord first backed the London-based private credit investor in 2021, helping scale its platform and broaden global reach.
