The partnership combines the investment bank's M&A expertise with the placement agent's capabilities to advise on and structure continuation vehicles for private equity funds.
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.
Following the establishment of a dedicated GP-led secondaries team earlier this year, the London-based firm has reportedly secured around €1 billion at first close.
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.
Jefferies examines the structural drivers behind Europe's growing role in GP-led secondaries and continuation vehicle activity.
A new A&M survey finds that GPs increasingly view extended ownership as less of an anomaly and more of a way to preserve optionality in a challenging market.
The unit's head, Stefano Manna, who also oversaw the firm's recently launched private capital advisory business, reportedly departed last month.
The new initiative looks to advise sponsors on GP-led secondary transactions and other bespoke liquidity solutions, SecondaryLink has learned.
