Marking Crestview's first continuation fund, the transaction also received backing from Hamilton Lane, alongside capital from the Crestview team and other investors.
Peterson Fund X rolled its stake and made an additional investment in the mechanical, electrical, and plumbing services provider held within the continuation fund.
The oversubscribed vehicle provides liquidity to investors in Bridgepoint Direct Lending II, which holds a portfolio of senior secured European middle-market loans.
Principal Mineral is the latest Ensemble portfolio company to be involved in a single-asset CV, following similar transactions for CHAOS and Saronic earlier this year.