The deal reportedly centers on a healthcare billing and documentation services provider that Frazier initially acquired in 2020.
The multi-strategy investment firm is reportedly considering a $350-400 million CV for four portfolio companies.
The New York-based manager focuses on middle-market businesses across the energy, industrials & infrastructure, agribusiness, and healthcare sectors.
The single-asset vehicle extends B2B software investor Viking Growth's hold on a recruitment and HR software platform.
The Midwest-based private equity firm targets North American industrial companies in the lower middle market.
The alternative debt manager specializes in originating and providing financing solutions to small and middle-market enterprises.
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 deal comes just three years after Onex moved the tax services and software provider into a continuation fund with approximately $600 million of fee-generating AUM.
The $600 million secondary deal will reportedly comprise stakes in five technology companies, including OpenAI, while providing a new commitment to Anthropic.
The oversubscribed vehicle for Ireland-based H&MV Engineering values the power infrastructure specialist at €1.4 billion, marking a 12x increase since Exponent's initial 2022 investment.
