The new initiative looks to advise sponsors on GP-led secondary transactions and other bespoke liquidity solutions, SecondaryLink has learned.
The equity management platform is expanding into private market liquidity, with plans to develop a secondary marketplace for company-approved transactions.
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.
The vehicle is set to acquire the firm's 20% stake in the asset, reportedly valued at around €170 million.
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.
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.
