The continuation fund extends the firm's hold on security and safety solutions provider Convergint Technologies.
The single-asset vehicle extends the firm's ownership of a German adult-education platform which it first backed in 2020.
Founded in 1999, the Washington, DC-based firm focuses on lower mid-market businesses through management buyouts, carve-outs, and shareholder succession structures.
The deal would reportedly shift the vehicle's assets into a closed-end structure and trigger a delisting.
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 CV would reportedly acquire ByteDance and Ant Group stakes at a roughly 30% discount to their combined $1.5 billion NAV.
Founded in 2006, Excellere is a private equity firm focused on growth-oriented investments across healthcare, industrial growth, and business services.
GCM Grosvenor, Ardian, StepStone, North Hudson Resource Partners, and Phoenix Insurance anchored the single-asset vehicle for energy infrastructure company Next Wave.
The firm recently closed its debut GP-led fund, which focuses on single-asset CVs, with over $3.6 billion in capital commitments.
Sage Equity Investors, which focuses on single-asset continuation funds, significantly exceeded its $1.5 billion target.
