About This Fund
The AIP Secondary Fund II is the second flagship Asia‑Pacific real estate secondaries vehicle from Aquilius Investment Partners, headquartered in Singapore. It is designed to capitalise on the structural gap in secondaries and liquidity solutions across Asia‑Pacific’s real estate and “new economy” sectors. According to the closing announcement, the fund has raised in excess of US$750 million, surpassing its original US$700 million target, and has already deployed approximately 50% of commitments across eight transactions. The strategy targets LP‑led and GP‑led secondaries in real estate, especially in sectors supported by structural tailwinds such as logistics, life sciences, data centres, hospitality and living platforms. The platform draws on the firm’s deep regionally‑based team and track record in Asia, aiming to provide flexible, solutions‑oriented capital and earlier‑stage access to underlying portfolios, thus mitigating typical “blind pool” risk associated with primary fund commitments. The fund is domiciled in Singapore, providing institutional investors (including sovereign wealth funds, pension funds and family offices) with exposure to a diversified portfolio of secondaries transactions across the Asia‑Pacific private markets. The manager emphasises broad diversification across geographies, sectors and deal types, while focusing on liquidity, value preservation and early cash‑flow generation. In summary, AIP Secondary Fund II offers an institutional‑grade entry into Asia real estate secondaries — a market the manager describes as under‑capitalised globally — by investing in later‑stage or recapitalisation opportunities, continuation vehicles and LP interest portfolios in high growth real estate and adjacent asset sectors across Asia‑Pacific.