The National Pension Service of Korea and Townsend Holdings have also increased their ownership in the Australian alternative asset manager.
The participants plan to expand the range of transferable private credit assets and improve verification as tokenized secondary markets develop.
The oversubscribed rated structure is split evenly between US and Asian private-market strategies.
The investment is part of a broader strategic partnership to establish a cross-border Shariah-compliant asset management platform focused on the GCC and Southeast Asia.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
The deal gave investors in Carlyle Credit Opportunities Fund II a liquidity option, while adding capital to support the media investment manager's growth.
Founded in 2024 by former Park Square executive Jacob Ucar, Kinnerton provides debt and minority equity capital to mid-market businesses.
The secondary sales of China-focused PE fund interests were reportedly put on hold after buyer valuations failed to meet expectations.
Founded in 2002, CRC is a private credit manager that invests in bank capital strategies, mainly SRT transactions, that deliver non-dilutive capital solutions to European banks.
The South Korean multi-asset investment firm is focused on private equity and real estate investments.
