The firm expects to close several transactions in Q1, increasing the fund's overall deployment to approximately 50%.
The evergreen fund targets the energy, digital infrastructure, and transport sectors mainly through direct deals, complemented by secondaries and co-investments.
The second vintage of the secondary strategy has reached half of its €500 million target, and the programme has completed five investments across GP- and LP-led transactions.
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.
In July, the firm closed its debut program targeting the strategy with more than $5.5 billion in capital commitments.
The Euronext Amsterdam-listed manager is also preparing to launch two additional products focused on credit and infrastructure secondaries.
The direct secondary transaction reportedly values the truck leasing company at around €4 billion.
The fund targets core and core+ infrastructure investments through primaries, secondaries, and co-investments.
Prime Diversified Infrastructure Fund I is already 80% committed, with a successor set to launch in the coming months.
ASF IX Infrastructure will mainly focus on LP-led secondaries transactions, with limited exposure to GP-leds, primaries, and co-investments.
