Meridiam closes $4.5bn continuation vehicle for 15 North American assets

The vehicle keeps the assets with Meridiam while giving investors in earlier funds an exit, AltAssets reported.

By The GP-Led DeskThursday, October 8 at 7:39 AM ET

At a glance

20-second brief

Meridiam has closed a $4.5bn North American infrastructure vehicle that extends its ownership of 15 existing assets and gives liquidity to investors in its earlier funds, AltAssets reported.
The structure is a GP-led continuation: Meridiam keeps the 15 assets, and investors in the earlier funds receive an exit instead of waiting for asset-by-asset sales.

Meridiam has closed a $4.5bn North American infrastructure vehicle that extends its ownership of 15 existing assets and gives liquidity to investors in its earlier funds, AltAssets reported.

The structure is a GP-led continuation: Meridiam keeps the 15 assets, and investors in the earlier funds receive an exit instead of waiting for asset-by-asset sales.

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Sources & further reading

AltAssets

In this storyMeridiam

Energy Capital Partners raises $834m continuation vehicle; reporting names no price-setter

Investors in ECP's $3.3 billion Fund IV can cash out or roll into the vehicle for Next Wave Energy Partners; the reporting does not say who set the price.

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Triple Point closes $55M Perch Group deal with rare disclosed secondary size

The disclosed deal number gives investors a comparable while recent GP-led continuation vehicles closed without asset-level pricing.

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Meridiam closes $4.5bn continuation vehicle for 15 North American assets

At a glance

Energy Capital Partners raises $834m continuation vehicle; reporting names no price-setter

Triple Point closes $55M Perch Group deal with rare disclosed secondary size

Georgia's $3.8 billion fee prices 56 years of toll revenue

A.P. Moller Holding opens Singapore office, its first outside Denmark

Bank of America survey: 47% see next generation ready to carry on family giving

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