The continuation fund, managed by Victory Hill, will hold two operating liquid storage terminals in the Port of Brownsville.
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.
The single-asset deal centers on a health and social care software provider first backed by Activa in 2019.
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.
The multi-asset vehicle will support the next phase of growth for European companies Safety21 and Onlineprinters, while funding future acquisitions.
The reported GP-led secondary sale would rank among the largest private credit secondary deals to date.
The single-asset vehicle increased the Spanish manager's stake in an energy transition platform.
The buyout-focused portfolio, sold at a 6% blended discount to NAV, will generate $300 million in net proceeds.
