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 15-asset vehicle, among the largest GP-led infrastructure deals to date, drew more than $7 billion of demand and included around $2.5 billion of new capital.
The direct infrastructure secondary increases Transurban's ownership across three major Sydney transport networks.
The oversubscribed vehicle for the mass transit operator was backed by Australian superannuation funds and international institutional investors.
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 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.
The single-asset continuation fund was reportedly backed by the California Public Employees' Retirement System, Partners Capital, and Caltech.
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 single-asset CV was executed alongside the sale of a 50% stake in the Peruvian power generation company to CPP Investments.
The single-asset vehicle extends the infrastructure specialist's hold on a Peruvian private power generation company.
