The facility was collateralized by a portfolio of US sustainable infrastructure assets focused on decarbonization and grid reliability.
The potential vehicle follows Antin's July agreement to sell ~30% of the asset to GLIL Infrastructure from its €3.6 billion Fund III.
The Swiss manager will acquire ownership in the pan-Nordic data center platform through its infrastructure secondaries strategy.
The direct secondaries deal gives the French manager full ownership of the 460 MW Horse Creek and Electra wind farms in Texas, which it has backed since 2018.
The facility for a GP stakes fund provides incremental capital to support the borrower's acquisition strategy.
An institutional LP is considering rolling approximately $300 million of existing exposure across two funds into the new vehicle, after participating in the manager's European CV earlier this year.
The oversubscribed vehicle for Ireland-based H&MV Engineering values the power infrastructure specialist at €1.4 billion, marking a 12x increase since Exponent's initial 2022 investment.
Aberdeen and Rock Rail's continuation fund, which was co-led by Partners Group and StepStone, achieved an £800 million first close in July.
The Connecticut-based manager specializes in energy infrastructure investments, including renewable power generation, battery storage, and midstream and downstream assets.
The oversubscribed single-asset fund extends the firm's hold on a European modular buildings provider it initially backed in 2021.
