Founded in 1999, the Washington, DC-based firm focuses on lower mid-market businesses through management buyouts, carve-outs, and shareholder succession structures.
The single-asset vehicle extends the firm's ownership of a German adult-education platform which it first backed in 2020.
The deal would reportedly shift the vehicle's assets into a closed-end structure and trigger a delisting.
The Toronto-based manager primarily invests in Series A and Series B technology companies.
The StepStone-backed transaction reportedly extends Blackstone's ownership of a loan portfolio from its Capital Opportunities Fund IV.
The 15-asset vehicle, among the largest GP-led infrastructure deals to date, drew more than $7 billion of demand and included around $2.5 billion of new capital.
The CV would reportedly acquire ByteDance and Ant Group stakes at a roughly 30% discount to their combined $1.5 billion NAV.
Founded in 2006, Excellere is a private equity firm focused on growth-oriented investments across healthcare, industrial growth, and business services.
GCM Grosvenor, Ardian, StepStone, North Hudson Resource Partners, and Phoenix Insurance anchored the single-asset vehicle for energy infrastructure company Next Wave.
Harrison Street's process sold 91% of shares offered, with 41% transacting at a 15% discount to NAV versus the 20% initially requested.
