The direct secondary transaction returns full ownership of the Berlin-based automotive parts platform to its three founders.
StepStone Secondaries Infrastructure Fund is approximately 50% deployed across LP-interest and GP-led transactions.
Existing investors Verlinvest and the Mirchandani family have also increased their stakes in the India-based yogurt brand.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
The transaction expands institutional access to the firm's private markets capabilities across secondaries and private credit.
The tender offer fund targets private credit investments through primaries, secondaries, co-investments, and directs.