The GP stakes specialists sold their minority stakes to DigitalBridge as part of its $1.05 billion acquisition of the infrastructure investor.
Under the non-binding agreement, O3 may increase its ownership in the social impact investor if certain fund launch and fundraising milestones are met.
The LP interests were reportedly priced at a discount of more than 10% and included software and other tech-focused buyout funds.
The direct secondaries deal gives the French manager full ownership of the 460 MW Horse Creek and Electra wind farms in Texas, which it has backed since 2018.
The facility for a GP stakes fund provides incremental capital to support the borrower's acquisition strategy.
The oversubscribed vehicle for Ireland-based H&MV Engineering values the power infrastructure specialist at €1.4 billion, marking a 12x increase since Exponent's initial 2022 investment.
The direct secondary transaction reportedly values the truck leasing company at around €4 billion.
The sale will be at a premium to NAV and marks the GP stakes specialist's tenth realization since 2024.
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 minority stake, acquired from Brookfield's private equity business, values the Australian alts manager at $2.1 billion.
