Mill Reef Capital Fund III will continue the Swiss firm's strategy of investing in smaller, often bespoke GP-led secondary transactions in Europe's small-buyout and lower-mid-market segments.
SecondaryLink first reported on the Euronext-listed manager's plans to launch credit & infrastructure secondaries products in July.
The FTSE 250-listed private equity fund is selling partial interests in five Oakley funds at a 5.75% discount to their March 31 carrying value.
BMS Group examines ILPA's new continuation vehicle guidance, focusing on the role of RWI, its benefits for LPs, and key considerations for secondaries practitioners.
The deal allows Keyhaven to retain its investment in a luxury automotive components manufacturer following more than sevenfold EBITDA growth.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The European growth buyout investment manager closed a €635 million multi-asset CV earlier this year.
Following the establishment of a dedicated GP-led secondaries team earlier this year, the London-based firm has reportedly secured around €1 billion at first close.
The vehicle aims to build a portfolio of around 15 middle-market companies, primarily in Europe, through GP-led secondary strategies and direct minority co-investments.
The London-based manager has shelved plans for the strategy's mid-market version, to avoid overlap with the upcoming large-cap vehicle.
