Aquilius Investment Partners, a Singapore-based provider of secondaries solutions, has closed its second real estate secondaries flagship fund, AIP Secondary Fund II ( AIP SF II ), with over US$750 million in capital commitments, surpassing its original US$700 million target.

In aggregate, the firm has raised US$1.1 billion in capital commitments across its flagship fund and associated vehicles.

Aquilius' Asia-Pacific secondaries programme attracted a wide range of global institutional investors, including leading sovereign wealth funds, pension funds, financial institutions, and family offices.

AIP SF II is Aquilius' second real estate secondaries flagship fund targeting transactions led by limited partners and general partners across Asia-Pacific, with exposure to “new economy” sectors supported by structural tailwinds, including logistics, life sciences, data centres, hospitality, and living. The fund has already deployed about 50% of total commitments across eight secondaries transactions.

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. The firm is regarded as the largest real estate secondaries platform in Asia, with 30 on-the-ground professionals.

"We are actively capitalizing on a generational buying opportunity for secondaries in Asia,” says Wolff. “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 drive deal volume to record highs.”