The transaction allows AE Industrial to retain its investment in a defense components distributor, while providing fresh capital for organic growth and potential acquisitions.
Last year, AEA's private debt platform completed its first continuation vehicle, a roughly $550 million transaction led by Carlyle AlpInvest.
GIC is reportedly a prospective investor in the continuation fund, which values the South Korean gas manufacturer at $3.18 billion, up 13.5% from 2023.
The FTSE 250-listed private equity fund is selling partial interests in five Oakley funds at a 5.75% discount to their March 31 carrying value.
The GP-led deal included senior secured loans to more than 60 US lower-middle-market companies from two Tree Line direct lending funds.
The transaction extends the manager's hold on a portfolio of predominantly senior, US-focused direct lending investments.
The newly formed joint venture acquired an 87-building industrial portfolio across eight US markets, with GID retaining asset management responsibilities.
The deal allows Keyhaven to retain its investment in a luxury automotive components manufacturer following more than sevenfold EBITDA growth.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
