Singapore, November 3, 2025 — Aquilius Investment Partners has announced the successful close of its latest fund, securing US $1.1 billion to create what is being described as Asia’s largest real-estate secondaries fund. The Singapore-based private-equity firm will focus on acquiring interests in existing real-estate funds and portfolios across key Asian markets.
The new fund underscores the region’s growing appetite for alternative investments at a time when traditional property markets are still finding their post-pandemic footing. The vehicle will target both mature assets and transitional opportunities in commercial, industrial, logistics, and data-center real estate — sectors that have seen increasing investor demand in recent years.
“Aquilius’ strategy reflects a structural shift in how capital is being deployed in Asia,” said Managing Partner Jason Lee in a statement. “Secondary investments allow institutional investors to gain access to diversified portfolios with immediate exposure and liquidity advantages.”
Industry analysts note that Asia’s secondaries market — still relatively young compared with the U.S. and Europe — is poised for rapid expansion as investors seek more flexible entry and exit options. The record-breaking fund is expected to drive liquidity across the private-real-estate landscape and may draw additional international capital into the region.
The firm has not disclosed specific country allocations, but market observers expect a significant portion of the funds to flow into India, Southeast Asia, and Greater China, where urbanisation and infrastructure growth continue to fuel demand for institutional-grade assets.
With this close, Aquilius joins a small but growing group of Asian managers positioning themselves as global players in the alternative-assets space. Analysts believe the move signals a maturing investment ecosystem — one increasingly capable of retaining and recycling regional capital rather than exporting it to Western markets.
