Monday, 15 April 2024

Aquilius Investment Partners closes its maiden secondaries fund at over $400 million

5 min read

Aquilius Investment Partners (Aquilius), a Singapore-based investment manager focused on secondaries in the Asia Pacific region, has announced the final closing of its maiden AIP Secondary Fund I, LP. (AIP SF I), at over $400 million in client commitments.

Alongside these commitments, the company has raised an additional $200 million of managed accounts available for co-investments from its investors. AIP SF I's limited partners include global institutional investors such as sovereign wealth funds, endowments, and family offices.

Christian Keiber, founding partner said, “We have seen strong institutional demand for our dedicated Asia secondaries strategy and are grateful for the trust that our clients have placed in us with the closing of our maiden fund. As investment managers, we seek to provide our clients with a differentiated, lower-risk access to Asia’s private markets and we are excited by the market opportunity, which continues to grow rapidly across both traditional LP secondaries and more complex GP-led secondaries transactions”.

Through AIP SF I, Aquilius is targeting investments in traditional and non-traditional secondaries transactions across the fast-growing and largely untapped Asia Pacific region. To date, the fund has made existing investments across a comprehensive set of secondary solutions ranging from the acquisition of limited partnership interests to recapitalisation of closed-ended funds and joint ventures, and seeks to capitalise on the liquidity needs across Asia’s private markets landscape.

Bastian Wolff, founding partner said, “We created Aquilius to provide custom-tailored liquidity solutions for both Limited and General Partners across their private market investments in the region. We are seeing an increasing need for our product, driven by a slow-down in overall exit activity, a significant tail of unrealised NAV across older fund vintages, and a changing regulatory environment. Our approach is focused on solving investors’ headaches through flexible, patient, and solutions-oriented capital and our deep local experience and network position us well to do so”.

 Re-disseminated by The Asian Banker

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