The deal is part of a broader $2 billion recap that also attracted fresh capital from Bain Capital.
The firm has reportedly engaged with prospective buyers to facilitate liquidity for investors in a US-based open-ended fund managed by Blackstone Property Partners.
Evercore and Morgan Stanley acted as financial advisers to Amulet on the transaction, while Kirkland & Ellis served as legal adviser. Debevoise & Plimpton advised StepStone.
The vehicle involves a portfolio of Bakken oil and gas properties previously held in the manager's 2014-vintage Fund III.
The continuation fund, managed by Victory Hill, will hold two operating liquid storage terminals in the Port of Brownsville.
The vehicle will acquire New Zealand's largest egg supplier from the firm's 2013-vintage LBO fund, Navis Asia Fund VII.
In parallel, the firm's stakes in industrial gas supplier AirFirst will reportedly move into the open-ended fund via a continuation fund structure.
Ares is reportedly serving as lead investor on the $2.9 billion continuation fund.
Institutional Link maps the fair value, cost, acquisition timeline, and more details for perpetual capital's most invested-in Q4 continuation fund.
Ardian, Neuberger Berman, and Apollo's S3 are reportedly among participants in the deal that allows investors to cash out from Golden Gate's evergreen vehicle.
