Fund Friday: Top fundraising news in private equity

Aquilius Investment Partners, a Singapore-based real estate investment firm founded by former Blackstone and Partners Group executives, has closed its latest secondaries fund at $750m, according to a report by Bloomberg.

The fund, Aquilius Real Estate Secondary Fund II, builds on the firm’s $400m debut vehicle raised in 2023 and brings its total assets under management to roughly $2bn.

Founded in 2021 by Christian Keiber, a former member of Blackstone’s real estate private equity team, and Bastian Wolff, who previously worked at Partners Group, Aquilius focuses on acquiring stakes in mature real estate funds. Many of its transactions involve U.S. and European investors selling Asian property interests to rebalance portfolios or reallocate capital closer to home.

Montagu Private Equity has raised a €2bn continuation fund to extend its ownership of Wireless Logic, one of the world’s leading IoT connectivity platforms, in a deal backed by TPG GP Solutions, CVC Secondary Partners, and Partners Group, Bloomberg reports.

The transaction, which values the UK-based company at around £3.5bn ($4.6bn), allows Montagu to retain control of Wireless Logic beyond the typical private equity holding period through a new secondary vehicle. The firm is rolling over most of its existing stake from a previous continuation fund, a rare “CV-squared” structure in the secondary market.

ChrysCapital Management has raised $2.2bn for its tenth private equity fund, marking both the firm’s largest-ever vehicle and the biggest India-focused private equity fund to date.

The latest fund is more than 60% larger than ChrysCapital’s previous one and brings in 30 new global investors from Japan, the US, and Europe, alongside growing participation from Indian investors, who contributed around 15% of the total capital.

With this fund, ChrysCapital “managed to attract a larger pool of investors, many of whom are investing for the first time in a country fund for private equity,” said Kunal Shroff, Managing Partner at ChrysCapital.