The new initiative looks to advise sponsors on GP-led secondary transactions and other bespoke liquidity solutions, SecondaryLink has learned.
The evergreen fund targets the energy, digital infrastructure, and transport sectors mainly through direct deals, complemented by secondaries and co-investments.
The sale comes almost four years after Ufenau transferred the equine veterinary group into a €563 million multi-asset CV.
The strategy will focus on single-asset continuation vehicles alongside existing sponsor relationships.
The manager is also reportedly in advanced talks to acquire GIC and Silver Lake Partners' stakes in the breakdown recovery service provider, alongside other investors.
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 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 firm tapped CPP Investments' Dushy Sivanithy and Daniel Ward to scale its single-asset secondaries strategy.
