The oversubscribed vehicle provides liquidity to investors in Bridgepoint Direct Lending II, which holds a portfolio of senior secured European middle-market loans.
Quilvest Capital Partners also participated in the single-asset CV for a UK-based logistics solutions company.
The single-asset vehicle extends B2B software investor Viking Growth's hold on a recruitment and HR software platform.
The alternative debt manager specializes in originating and providing financing solutions to small and middle-market enterprises.
Potential backers reportedly sought a lower valuation for the loans held in the continuation fund.
The reported GP-led secondary sale would rank among the largest private credit secondary deals to date.
The continuation fund will acquire a portfolio of European asset-backed finance assets.
This deal marks the largest credit secondaries transaction to date for the 2025 SecLink Awards winner of Top Private Debt Buyer.
Ares has reportedly emerged as the primary buyer, with significant participation from Pantheon.
The portfolio of European senior credit assets will remain under Eurazeo's management, with Pantheon providing additional capital to support new lending.
