Aquilius Closes $1.1 Billion in Asia Pacific Real Estate Secondaries Fund
Aquilius Investment Partners has raised over $1.1 billion for its second real estate secondaries flagship fund, AIP Secondary Fund II L.P., surpassing its original target and attracting global institutional investors.
Real EstateSecondariesAsia PacificInstitutional InvestorsFundraisingReal EstateNov 03, 2025
The program attracted a diverse range of global institutional investors, including leading sovereign wealth funds, pension funds, financial institutions, and family offices. Aquilius aims to capitalize on the region's fast-growing, untapped real estate secondaries market by building highly diversified, shorter duration portfolios across 'new economy' sectors, such as logistics, life sciences, data centers, hospitality, and living.
Founded in 2021 by industry veterans Bastian Wolff and Christian Keiber, Aquilius has established itself as the largest real estate secondaries platform in Asia, with 30 on-the-ground professionals. AIP SF II is Aquilius' second real estate secondaries flagship fund, targeting LP-led and GP-led transactions across Asia Pacific. The fund has already deployed approximately 50% of total commitments across eight secondaries transactions.
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 drive 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.'
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 over 15 years of experience investing in Asia, collectively deploying over US$4 billion of equity across some of the region’s most complex LP-led and GP-led liquidity solutions. Aquilius' team consists of 30 dedicated professionals, bringing decades of experience in sourcing, investing, and structuring secondaries transactions in the Asia Pacific region. The Firm focuses on building long-term, scalable, and mutually beneficial partnerships with funds and their managers by providing customized liquidity solutions. Aquilius' independent nature and institutional backing enable it to transact with speed and certainty on a discreet and strictly friendly basis.
Frequently Asked Questions
What is Aquilius Investment Partners?
Aquilius Investment Partners is a leading provider of secondaries solutions in the Asia Pacific region, founded in 2021 by industry veterans Bastian Wolff and Christian Keiber. The firm specializes in real estate secondaries and has a team of 30 professionals with extensive experience in the region.
What is AIP Secondary Fund II L.P. (AIP SF II)?
AIP Secondary Fund II L.P. (AIP SF II) is Aquilius Investment Partners' second real estate secondaries flagship fund, which closed on total capital commitments of over US$750 million, surpassing its original US$700 million target. The fund targets LP-led and GP-led transactions across Asia Pacific.
Who are the founders of Aquilius Investment Partners?
The founders of Aquilius Investment Partners are Bastian Wolff and Christian Keiber. Bastian Wolff is a former Managing Director and Head of Asia Pacific Real Estate for Partners Group, and Christian Keiber is a former Managing Director for The Blackstone Group.
What sectors does AIP SF II focus on?
AIP SF II focuses on 'new economy' sectors supported by structural tailwinds, including logistics, life sciences, data centers, hospitality, and living.
How much has AIP SF II already deployed?
AIP SF II has already deployed approximately 50% of total commitments across eight secondaries transactions.
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