The employee liquidity event values the digital bank 53% above its November 2025 tender offer, with the final sale size undisclosed.
CEO Michael Arougheti expects more institutional credit portfolios to come to market over the next two years as investors reposition their holdings.
The firm's flagship Cox Retail Secondaries Fund I is offering to purchase up to $2.5 million of Variant Alternative Income Fund shares at a 40% discount to October 26 NAV.
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 secondary transaction reportedly involved investments alongside several major private equity sponsors, with the seller retaining a portion of the assets.
