The Scooter's Coffee continuation vehicle offered existing investors an exit at a premium to the reference-date valuation.
The vehicle is set to acquire the firm's 20% stake in the asset, reportedly valued at around €170 million.
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.
Harrison Street's process sold 91% of shares offered, with 41% transacting at a 15% discount to NAV versus the 20% initially requested.
TPG GP Solutions II, which held a first close last year, had raised over $1.7 billion in capital commitments as of June.
M-One Capital's single-asset continuation fund is part of a comprehensive recapitalization of the US drive-through coffeehouse chain.
The pension's PE team has seen increasing GP adherence to ILPA guidance on continuation fund transactions.
The single-asset continuation fund was reportedly backed by the California Public Employees' Retirement System, Partners Capital, and Caltech.
New details have emerged regarding the continuation fund for Azuria Water Solutions, which was co-led by HarbourVest Partners.
