The first secondaries fund of Singapore-based Aquilius Investment Partners closed at over $400 million, with an additional $200 million in managed accounts available for co-investments from its backers.
The investment vehicle, known as AIP Secondary Fund I, counts family offices, endowments, and sovereign wealth funds among its limited partners, according to a statement.
The fund is looking for investments in secondaries deals in the Asia Pacific, both conventional and unconventional. According to founding partner Bastian Wolff, it also aims to address the region’s private market liquidity requirements. The fund has already made a number of investments “across a comprehensive set of secondary solutions,” according to a statement from the business.
Prior to joining AIP, Wolff served as Partners Group’s managing director and director of Asia’s real estate. Christian Keiber, his co-founder, was the managing director of private equity at Blackstone at the time.
