Ares is reportedly serving as lead investor on the $2.9 billion continuation fund.
The transaction allows AE Industrial to retain its investment in a defense components distributor, while providing fresh capital for organic growth and potential acquisitions.
GIC is reportedly a prospective investor in the continuation fund, which values the South Korean gas manufacturer at $3.18 billion, up 13.5% from 2023.
The FTSE 250-listed private equity fund is selling partial interests in five Oakley funds at a 5.75% discount to their March 31 carrying value.
The GP-led deal included senior secured loans to more than 60 US lower-middle-market companies from two Tree Line direct lending funds.
The transaction extends the manager's hold on a portfolio of predominantly senior, US-focused direct lending investments.
The newly formed joint venture acquired an 87-building industrial portfolio across eight US markets, with GID retaining asset management responsibilities.
The deal allows Keyhaven to retain its investment in a luxury automotive components manufacturer following more than sevenfold EBITDA growth.
We map the fair value, cost, and acquisition timeline for one of evergreen capital's most invested-in Q2 continuation funds.
The deal is part of a broader $2 billion recap that also attracted fresh capital from Bain Capital.
