Want to read more?
Already have an account? Log InThe London-based manager has shelved plans for the strategy's mid-market version, to avoid overlap with the upcoming large-cap vehicle.
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.
TPG GP Solutions II, which held a first close last year, had raised over $1.7 billion in capital commitments as of June.
The deal marks the Florida-based investment firm's second continuation vehicle, following its debut Fletchers Solicitors transaction in February.
The Geneva-based firm targets late-stage single-asset secondary investments across technology and digital ventures.
After closing on $1.5 billion in commitments for Hamilton Lane Infrastructure Opportunities Fund II earlier this year, the firm is expected to launch a successor in late 2026 or early 2027.
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 vehicle is targeting a first close before year-end and will focus on hard-to-access sponsor-led opportunities in small- and mid-market buyouts.
The vehicle aims to build a portfolio of around 15 middle-market companies, primarily in Europe, through GP-led secondary strategies and direct minority co-investments.