The potential vehicle follows Antin's July agreement to sell ~30% of the asset to GLIL Infrastructure from its €3.6 billion Fund III.
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 oversubscribed single-asset fund extends the firm's hold on a European modular buildings provider it initially backed in 2021.
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.
