Investors were offered a modest discount on their stakes in the Annington structure ahead of a forthcoming secondary deal.
The transaction would reportedly value the Scottish luxury handbag maker at nearly £100 million and allow existing investor BGF to exit its holding.
The single-asset vehicle extends B2B software investor Viking Growth's hold on a recruitment and HR software platform.
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 deal marks Reality Growth's second investment since launching earlier this year as a dedicated GP stakes platform.
The single-asset continuation fund was reportedly backed by the California Public Employees' Retirement System, Partners Capital, and Caltech.
Potential backers reportedly sought a lower valuation for the loans held in the continuation fund.
Neuberger's second real estate secondaries fund closed last year with more than $1 billion in commitments, according to SecLink Data.
The buyout-focused portfolio, sold at a 6% blended discount to NAV, will generate $300 million in net proceeds.
The investment, made from Brookfield's debut real estate secondaries fund, enabled EQT to exit its stake in 33 light industrial assets across Sweden.
