Montana Capital Partners was the sole buyer of a collection of 15 private equity fund interests across Europe and North America.
The transaction would reportedly value the Scottish luxury handbag maker at nearly £100 million and allow existing investor BGF to exit its holding.
The LP interests were reportedly priced at a discount of more than 10% and included software and other tech-focused buyout funds.
The single-asset vehicle extends B2B software investor Viking Growth's hold on a recruitment and HR software platform.
The portfolio and single-fund sales included stakes in US-based credit funds with 2019-2022 vintages.
At least 80% of net proceeds from the transaction will be directed toward a share buyback program aimed at generating liquidity and NAV accretion.
The disposal to a consortium of other UK schemes was facilitated by online LP-led platform MeltX and received legal support from Willkie Farr & Gallagher and Hogan Lovells.
The LP-led deal was executed through the family office's investment arm M Eight, and represented nearly NIBC's entire private equity portfolio.
The early-stage VC firm transforms the University of Oxford's scientific research into businesses across life sciences, healthtech, and deeptech.
The R&W policy covered more than 150 fund interests across tail-end buyout and growth assets in Europe and the US.
