In addition to seed capital, the GP stakes firm will also provide support across talent acquisition, capital formation, and operations.
The secondary share sale reportedly values the defense tech company at $90 billion.
Sterling is a mid-market private equity firm focused on the business services and distribution sectors.
The GP staker will support the Australian property investor's growth across distribution, product development, and institutionalization.
The firm will reportedly pay about $350 million for a 40% interest, implying an equity valuation of roughly $875 million for the Israeli camouflage technology manufacturer.
The employee and early investor auction valued the workplace trust company at over £100 million and marked the third transaction conducted under the PISCES framework.
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 GP stakes deal builds on a 2024 strategic partnership, which established Lazard Elaia Capital as a technology-focused private equity investment platform.
The deal will expand Bow River's evergreen fund offerings with the establishment of a venture capital strategy.
Based in Ireland, Hatch Blue is a GP specializing in aquaculture and the seafood value chain.
