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Laxman Pai, Opalesque Asia: Aquiline Capital Partners, the private investment specialist focused on financial services and related technologies, has raised more than $3.4 billion for two funds, its fifth private equity fund and a continuation fund.
With over $2.3 billion in capital commitments, Aquiline Financial Services Fund V (AFS V) is Aquiline's largest fund to date, significantly exceeding the size of its predecessor.
The New York and London-based private equity firm received strong support from its existing investor base of financial institutions, sovereign wealth funds, public pension funds, funds of funds, and family offices. Aquiline also welcomed significant first-time commitments from investors across the U.S., Europe, the Middle East, and Asia, demonstrating confidence in its investment activities and growth trajectory.
Concurrently, Aquiline has closed on approximately $1.1 billion of capital commitments in its Aquiline Financial Services Continuation Fund, including a meaningful lead investment from HarbourVest Partners.
The continuation fund was established to acquire select portfolio companies in Aquiline Financial Services Fund II L.P. (AFS II) and Aquiline Financial Services Fund III L.P. (AFS III), said the release.
HarbourVest served as the sole lead investor in the Continuation Fund, with participation from several other new investors, including StepStone, funds managed by Ares Management, and Commonfund's CF Private Equit...................... To view our full article Click here
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