The firm expects to close several transactions in Q1, increasing the fund's overall deployment to approximately 50%.
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 alternatives manager also gave updates on the fundraising status of several other secondaries strategies spanning private equity, GP-leds, venture capital, and infrastructure.
The Norwegian manager's latest €445 million hybrid investment vehicle is already 70% deployed, SecondaryLink has learned.
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.
