Aquilius Investment Partners (“Aquilius”) has completed fundraising for its second real estate secondaries flagship, AIP Secondary Fund II L.P. (“AIP SF II”), securing over US$750 million in capital commitments and exceeding its original US$700 million target. Combined with associated vehicles, the firm has raised US$1.1 billion in total capital commitments.

AIP SF II attracted a diverse mix of global institutional investors, including sovereign wealth funds, pension funds, financial institutions and family offices. The fund will invest in LP- and GP-led secondaries transactions across the Asia Pacific region, focusing on ‘new economy’ sectors such as logistics, life sciences, data centres, hospitality and living. Roughly 50% of commitments have already been deployed across eight transactions.

Founded in 2021 by Bastian Wolff and Christian Keiber, both ex-Partners Group and ex-Blackstone Asia private markets veterans, Aquilius has grown into the largest real estate secondaries platform in Asia, supported by a 30-strong team of on-the-ground professionals.

Bastian Wolff, Founding Partner at Aquilius, said: “We are actively capitalising 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 recognised 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.”

About Aquilius 

Aquilius was founded in 2021 by Bastian Wolff (former Managing Director and Head of Asia Pacific Real Estate for Partners Group) and Christian Keiber (former Managing Director for The Blackstone Group). Both Founders have invested in Asia for the past 15+ years, having collectively deployed over US$4 billion of equity across some of the region’s most complex LP-led and GP-led liquidity solutions, including LP interest transfers, single and multi-asset recapitalisations, strip sales, continuation vehicles, and structured equity. Aquilius’ team consists of 30 dedicated professionals and collectively brings decades of experience in sourcing, investing, and structuring secondaries transactions in the Asia Pacific region. Aquilius focuses on building long-term, scalable, and mutually beneficial partnerships with funds and their managers by providing customised liquidity solutions. The Firm’s independent nature and institutional backing enable Aquilius to transact with speed and certainty on a discreet and strictly friendly basis.