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.
Potential backers reportedly sought a lower valuation for the loans held in the continuation fund.
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 oversubscribed single-asset fund extends the firm's hold on a European modular buildings provider it initially backed in 2021.
The direct secondary transaction reportedly values the truck leasing company at around €4 billion.
The continuation vehicle raised around £800 million for a UK rolling stock leasing platform owned by Aberdeen Investments and Rock Rail.
The single-asset CV for a platform of water companies drew participation from HarbourVest as a substantial investor.
The GP-led secondary includes the purchase of a €300 million majority stake in Lefdal Mine Datacenter, along with other operating renewable assets.
The vehicle brings together 22 infrastructure assets across 10 European countries held by the firm's flagship funds.
The single-asset vehicle increased the Spanish manager's stake in an energy transition platform.
