Singapore-based Aquilius Investment Partners has secured USD 1.1 billion in capital commitments for its second Asia-Pacific real-estate secondaries platform making it the region�s largest of its kind. The fundraising included over USD 750 million for its flagship fund, exceeding the original USD 700 million target. Half of the capital is already deployed across eight transactions. Founded in 2021 by former executives of Partners Group and Blackstone Group, Aquilius is focusing on sectors such as logistics, data centres and living, and has attracted sovereign wealth and pension funds as primary investors.
Aquilius Investment Partners, a Singapore-based asset manager specialising in real-estate secondaries in Asia-Pacific, announced it has raised USD 1.1 billion in capital commitments for its second flagship fund and related vehicles. The commitments include over USD 750 million secured for its AIP Secondary Fund II, which surpassed its original target of USD 700 million.
About half of these funds have already been deployed, across eight separate transactions. Aquilius highlighted that its investor base spans sovereign-wealth funds and pension funds across Asia and the Middle East.
The firm was founded in 2021 by Christian Keiber and Bastian Wolff both formerly with large private-markets firms in Asia. According to Keiber, although one-third of global private-markets assets under management are located in Asia, less than 10 % of the capital allocated to secondaries has been dedicated to this region; he indicated this gap, along with slow exits, regulatory changes and rising private-wealth demand, creates a ?generational buying opportunity?.
Wolff said that their clients? proximity to and understanding of the Asian market were key to their strategy?s adoption. He added that remaining capital will be targeted for transactions across Japan, Korea, India and Australia, and will emphasise ?new economy? real-estate sub-sectors such as logistics, data centres and living.
The firm?s maiden fund, AIP Secondary Fund I, closed at slightly over USD 400 million in client commitments, plus roughly USD 200 million of managed accounts for co-investments. Aquilius now states that it operates what it considers the largest real-estate secondaries platform in Asia, with a team of around 30 on the ground.
Data provider Preqin forecasts that global alternatives assets will reach USD 29.2 trillion by 2029, and that the secondaries strategy is set to grow at an annual rate of about 13.1 % through 2029 driven by slow exits and rising private-wealth demand.
Source Reuters
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