The Swiss manager invested $250 million in the multi-asset CV for a global commercial aviation leasing portfolio.
An institutional LP is considering rolling approximately $300 million of existing exposure across two funds into the new vehicle, after participating in the manager's European CV earlier this year.
The oversubscribed vehicle for Ireland-based H&MV Engineering values the power infrastructure specialist at €1.4 billion, marking a 12x increase since Exponent's initial 2022 investment.
Aberdeen and Rock Rail's continuation fund, which was co-led by Partners Group and StepStone, achieved an £800 million first close in July.
The Connecticut-based manager specializes in energy infrastructure investments, including renewable power generation, battery storage, and midstream and downstream assets.
The oversubscribed single-asset fund extends the firm's hold on a European modular buildings provider it initially backed in 2021.
Goldman Sachs Alternatives co-led the continuation fund for North American digital infrastructure provider TerraPact Holdings.
The single-asset CV was executed alongside the sale of a 50% stake in the Peruvian power generation company to CPP Investments.
The continuation vehicle raised around £800 million for a UK rolling stock leasing platform owned by Aberdeen Investments and Rock Rail.
Last year, the firm sold a portfolio of energy transition-focused California assets to Partners Group in a $2.2 billion transaction.
