The secondaries firm had its improved offer for the AIM-listed cleantech investor that shareholders accepted in February.
Limited partners which choose to roll over their stakes in the UK buyout firm’s sixth fund’s restructuring process were revealed in a UK regulatory filing.
The deal involved selling an interest in CBRE Dutch Office Fund, which follows a core strategy, to three European buyers.
The deal is the second for Stafford’s latest infrastructure secondaries vehicle, which recently held a third close.
The US secondaries firm has acquired a further stake in SEP IV from LDC.
The pension exited two funds in February and is under contract to sell 10 more private debt and real estate fund stakes worth $88.91m by the end of March.
The European directs and fund of funds specialist wants to offload minority stakes in at least 20 companies spanning sectors including industrial and manufacturing, Secondaries Investor has learned.
The deal will increase Standard Life’s private equity assets more than fourfold.
The European secondaries investor has acquired a 20-strong team and management of private debt funds with assets of €700m.
The turnaround investor joins a list of wealthy business people in Trump’s cabinet who must now divest millions in private markets holdings to avoid potential conflicts of interest.