Aquiline Capital Partners LP, a NYC- and London, UK-based private investment firm dedicated to financial services and related technologies, raised more than $3.4 Billion of fund capital, following the final close of its fifth private equity fund, Aquiline Financial Services Fund V L.P., and the close of its continuation fund, Aquiline Financial Services Continuation Fund L.P.
With over $2.3 billion in capital commitments, AFS V is Aquiline’s largest fund to date, exceeding the size of its predecessor. The 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 received first-time commitments from investors across the U.S., Europe, the Middle East, and Asia.
Concurrently, Aquiline has closed on approximately $1.1 billion of capital commitments in its 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”). A meaningful portion of the fund will be available as follow-on capital to support future growth initiatives and potential strategic acquisitions within the portfolio. 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 Equity business, as well as re-investment from existing limited partners. All AFS II and AFS III limited partners were provided with the option to roll their value on status quo terms, reinvest their value into the Continuation Fund, or receive full liquidity.
Aquiline Capital Partners is a private investment firm based in New York, London, Philadelphia, and Greenwich, Connecticut, that is dedicated to financial services and related technologies. The firm has approximately $10.4 billion in assets under management as of March 31, 2024.
FinSMEs
06/06/2024