The minority stake, acquired from Brookfield's private equity business, values the Australian alts manager at $2.1 billion.
Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
The sale will be at a premium to NAV and marks the GP stakes specialist's tenth realization since 2024.
The Series H round will combine primary and secondary capital, giving the fintech a post-money valuation of $4.5 billion.
The GP stakes specialists sold their minority stakes to DigitalBridge as part of its $1.05 billion acquisition of the infrastructure investor.
The secondary sales of China-focused PE fund interests were reportedly put on hold after buyer valuations failed to meet expectations.
The pre-IPO funding round, which included a mix of primary and secondary capital, reportedly valued the dairy producer at $1.1 billion.
The firm is reportedly seeking to offload at least 40% of its holdings, in a deal that would value the Singapore-based company at $5 billion.
The payment solutions provider's follow-on funding was secured from WestBridge Capital.
The secondary share sale benefited 259 current and former employees of the customer engagement platform.
