The continuation vehicle for Palladio’s 23% stake delivers fresh capital to accelerate Railpool’s growth, as well as offering optional liquidity to Palladio Partners’ Limited Partners. The transaction was backed by large specialist secondary investors as well as international institutional investors and supported by both new and existing investors, who demonstrated strong support, with re-ups accounting for more than a third of the capital raised.

Palladio Partners is an owner-managed specialist in infrastructure investments, private equity and private debt, founded in Frankfurt in 2012. Today it has assets of approximately EUR 11 billion under management, including investment advisory mandates. Its direct infrastructure investment team has built a strong track record through more than a decade of successful investing in the DACH region.

Railpool is a leading pan-European rail vehicle leasing platform that utilises a differentiated full-service leasing offering across a modern and environmentally friendly fleet. The company was founded in Munich in 2008 and now operates in 19 European countries, with over 500 electric and hybrid locomotives and 148 passenger cars. Since Palladio invested in Railpool in 2017, the company has almost tripled its fleet and significantly expanded its workshop network across Europe to support operations.

David Perrin, Head of Infrastructure Secondaries, said: “We congratulate Palladio Partners on the successful close of this transaction, which enables the continued support of Railpool’s exciting growth strategy alongside their co-shareholder, GIC. The transaction introduces new commitments from a diversified group of international investors, alongside strong reinvestment from existing investors, whose continued support underlines Railpool’s future prospects.”

Campbell Lutyens is a leading advisor in the secondaries market, executing over 386 successful secondary portfolio sales and advisory mandates across asset classes. The team has advised over $175bn of transactions for both GP and LP clients.