The reported deal would hold eight healthcare investments from the $1.9 trillion asset manager's portfolio.
The multi-strategy investment firm is reportedly considering a $350-400 million CV for four portfolio companies.
The oversubscribed vehicle for portfolio company Imaging Associates reportedly includes a simultaneous merger with an industry peer.
The participants plan to expand the range of transferable private credit assets and improve verification as tokenized secondary markets develop.
Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
The single-asset CV was executed alongside the sale of a 50% stake in the Peruvian power generation company to CPP Investments.
The oversubscribed vehicle rolled over a portfolio of investments made between 2015 and 2021.
The vehicle will acquire New Zealand's largest egg supplier from the firm's 2013-vintage LBO fund, Navis Asia Fund VII.
Anchored by a stake in TikTok parent ByteDance, the multi-asset CV reportedly drew backing from Abu Dhabi's Lunate, among others.
The deal is reportedly expected to provide liquidity to early backers, including Lok Capital and British International Investment.
