The equity commitments were raised across an evergreen fund, a closed-end venture debt fund, and a rated note offering.
The former Sixth Street Senior Advisor will oversee portfolio construction for the firm's solutions, including credit secondaries and direct credit.
Repurchase requests in the $4.3 billion private debt fund have now fallen for two consecutive quarters, more than halving from 8.5% in Q1 to 3.8% in Q3.
The ETF provider has hired Alessio de Longis to head its new Active Investments platform and Hyuk Soo Han to help lead its private equity secondaries efforts.
Shareholders submitted an estimated $4.3 billion of Q3 repurchase requests, representing around 10% of shares outstanding, as of June.
The acquisition brings three interval funds, a BDC, and a $41 billion CLO and alternative credit business to the combined platform.
The LP is also weighing the rollover of prior TAO commitments into the latest evergreen vintage, which is targeting $5-7 billion over an 18-month fundraising period.
The firm also provided updates on its private equity evergreen fund and non-traded BDC, as well as plans to launch new products targeting the wealth segment.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
Anchored by three institutional LPs, the fund offers exposure to private asset-backed finance and traded structured credit opportunities.
