Aquiline Capital Partners has raised around £2.7 billion of fund capital to back financial services and related technologies.

At $2.3bn, AFS V is Aquiline’s largest fund to date, significantly 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 – based in London and New York – says it also welcomed significant first-time commitments from investors across the US, Europe, the Middle East and Asia.

Concurrently, Aquiline has closed on approximately $1.1bn 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 its second and third financial services funds. 

Other new investors including StepStone, funds managed by Ares Management and Commonfund’s CF Private Equity business invested in the latter, as well as re-investment from existing limited partners. 

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“Aquiline’s blend of deep financial services industry knowledge and trusted relationships has underpinned our successful fundraising activities in a challenging market,” said managing partner Igno van Waesberghe.

“We are pleased to welcome a mix of new strategic investors from our industries, as well as institutional investors from Asia and the Middle East, to AFS V and leading institutional investors to our continuation fund.

“We already have strong momentum in AFS V, with capital deployed across multiple investments, and look forward to continuing the value creation journey.”

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