About This Fund
Aquiline Financial Services Fund V L.P. (AFS V) is the fifth private equity fund managed by Aquiline Capital Partners, a New York-based firm specializing in financial services and financial technology investments. The fund completed its final close on June 6, 2024, with more than $2.3 billion in capital commitments, making it the largest fund in Aquiline's history and significantly exceeding the size of its predecessor. The close brings Aquiline's total assets under management to approximately $10.4 billion as of mid-2024.
AFS V focuses on middle-market buyout and growth equity investments in companies operating across the financial services ecosystem, including insurance technology, banking infrastructure, wealth management platforms, payments, and specialty finance. Aquiline targets businesses positioned to benefit from the ongoing digitization of financial services, evolving regulatory frameworks, and the convergence of financial and technology industries. The fund draws on a seasoned LP base of financial institutions, sovereign wealth funds, public pension funds, and funds of funds, reflecting Aquiline's long-standing institutional relationships across North America, Europe, the Middle East, and Asia.
Aquiline Capital Partners was founded in 2005 with the exclusive mandate of investing in financial services and related technology businesses — a differentiated positioning that has enabled the firm to build deep sector expertise, proprietary deal flow, and a network of operating partners across the industry. AFS V was raised concurrently with the Aquiline Financial Services Continuation Fund L.P., a GP-led secondary vehicle that brought combined new capital raised by Aquiline in 2024 to more than $3.4 billion, demonstrating the firm's ability to execute complex multi-vehicle capitalizations while sustaining broad LP support.