Aquiline’s fifth private equity fund surpassed the $2 billion raised by its predecessor in 2020. It received backing from an existing investor group comprising financial institutions, sovereign wealth funds, public pension funds, funds of funds, and family offices. Additionally, first-time investors from the U.S., Europe, the Middle East, and Asia also contributed.
Aquiline Secures More Than $3.4B Across 2 New Funds : Key Partnerships and Future Plans
The $1.1 billion continuation fund was significantly supported by private equity firm HarbourVest Partners and attracted new investors like StepStone, funds managed by Ares Management, and Commonfund’s CF Private Equity business.
The continuation fund aims to acquire portfolio companies from Aquiline Financial Services Fund II and Fund III. Limited partners from these funds had the option to roll their value on status quo terms, reinvest in the continuation fund, or receive full liquidity.
A significant portion of the continuation fund will be allocated as follow-on capital for future growth initiatives and potential acquisitions within the portfolio.
Aquiline’s Growth and Reach
Founded in 2005, Aquiline Capital Partners has offices in New York, London, Philadelphia, and Greenwich, Connecticut. As of March 31, the firm managed $10.4 billion in assets.
