Aquilius Investment Partners (“Aquilius” or “the Firm”), a leading provider of secondaries solutions across the Asia Pacific region, has successfully closed fundraising for its second real estate secondaries flagship fund, AIP Secondary Fund II L.P. (“AIP SF II”), at over US$750 million in capital commitments — exceeding its initial target of US$700 million.
The fund was significantly oversubscribed, underscoring strong investor confidence in Aquilius’ strategy and track record. Including associated vehicles, the Firm has now raised an aggregate of US$1.1 billion in capital commitments across its flagship secondaries platform.
The fundraising drew participation from a diverse mix of global institutional investors, including sovereign wealth funds, pension funds, financial institutions, and family offices, reflecting growing global interest in Asia Pacific’s real estate secondaries market.
Targeting High-Growth Real Estate Sectors
AIP SF II marks Aquilius’ second flagship fund focused on LP-led and GP-led secondaries transactions across the Asia Pacific region. The fund aims to capitalize on opportunities within “new economy” sectors that benefit from long-term structural tailwinds — including logistics, life sciences, data centers, hospitality, and living spaces.
The fund has already deployed approximately 50% of its total commitments across eight transactions, further demonstrating the firm’s active approach to identifying value in a dynamic market environment.
Leadership Comments on Milestone Fundraise
Bastian Wolff, Founding Partner at Aquilius, commented:
“We are actively capitalizing on a generational buying opportunity for secondaries in Asia. This milestone fundraise is a testament to our strong track record and highlights the continued and growing appetite for Asian real estate secondaries investments among LPs, as market volatility and the need for liquidity drives deal volume to record highs. It’s incredibly rewarding to see our Firm recognized and supported by such a broad and global group of high-profile institutional investors. We are deeply thankful for the trust of existing and new investors, whose partnership makes this milestone possible.”
Christian Keiber, Founding Partner at Aquilius, added:
“The past 12 months marked a record-breaking year for secondaries volume. We are committed to being the leading provider of secondaries solutions in the Asia Pacific region — partnering with institutional investors and fund managers to deliver value through creative, efficient, and scalable liquidity solutions while delivering compelling returns to our investors.”
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.