As part of its broader mandate the fund will reportedly serve as a national-level secondary vehicle, acquiring company stakes to provide strategic industries with patient capital.
The direct infrastructure secondary increases Transurban's ownership across three major Sydney transport networks.
The continuation fund will reportedly have its largest exposure to TikTok's parent, ByteDance, alongside Ant Group.
The transaction will reportedly value the India-based D2C lifestyle brand at up to $521 million, more than 3x its last reported mark.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
This will be the first of several planned vehicles aimed at advancing secondary market activity, primarily in the Japanese market.
The Seoul-based financial services firm provides brokerage, trading, investment banking, asset management, and advisory services.
Shinhan Innovation BDC No. 1 will invest at least 60% of its assets in "innovative companies" and LP-led secondary transactions.
RGCM Fund 1, which targets venture-backed company directs, attracted investments from several institutional LPs including Japan Investment Corporation.
The Category II AIF targets pre-IPO and secondary market opportunities in India.
