The firm initially invested in the Munich-based railcar leasing company in 2017, acquiring a 25% stake from Oaktree Capital Management.
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.
The sale comes almost four years after Ufenau transferred the equine veterinary group into a €563 million multi-asset CV.
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.
The potential vehicle follows Antin's July agreement to sell ~30% of the asset to GLIL Infrastructure from its €3.6 billion Fund III.
Quilvest Capital Partners also participated in the single-asset CV for a UK-based logistics solutions company.
The oversubscribed vehicle provides liquidity to investors in Bridgepoint Direct Lending II, which holds a portfolio of senior secured European middle-market loans.
The continuation fund, managed by Victory Hill, will hold two operating liquid storage terminals in the Port of Brownsville.
We dive into HLGPIF, unpacking the share class returns, top holdings, and portfolio composition of the Luxembourg-domiciled SICAV fund.
