The vehicle, focused on a health and fitness chain, has attracted a slate of major new investors.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The European growth buyout investment manager closed a €635 million multi-asset CV earlier this year.
The UK accountancy group is reportedly valued at more than £1 billion, with Penta retaining management of the asset after abandoning an earlier sale.
The single-asset vehicle for Dutch technical services provider VDK saw investors representing more than 40% of EMK Fund I's capital elect to roll over.
The vehicle is set to acquire the firm's 20% stake in the asset, reportedly valued at around €170 million.
The single-asset vehicle extends the firm's ownership of a German adult-education platform which it first backed in 2020.
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 deal marks the Florida-based investment firm's second continuation vehicle, following its debut Fletchers Solicitors transaction in February.
The sale comes almost four years after Ufenau transferred the equine veterinary group into a €563 million multi-asset CV.
