AE Industrial Partners LP said July 10 that its second private equity fund closed on $1.36 billion. AE Industrial Partners Fund II LP will make control investments in technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul), and industrial service-based businesses in AEI’s target markets. The target of Fund II was $1 billion. Eaton Partners, a Stifel Company, served as placement agent, while Kirkland & Ellis LLP acted as legal adviser to AEI.
Boca Raton, FL – July 10, 2018 – AE Industrial Partners, LP (“AEI”), a leading private equity investor in aerospace and defense, power generation, and specialty industrial companies, announced today that it has closed its second private equity fund – AE Industrial Partners Fund II, LP (“Fund II”) – with $1.36 billion in equity commitments. Fund II will be dedicated to making control investments in technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul), and industrial service-based businesses in AEI’s target markets.
Fund II exceeded its $1 billion target and was substantially oversubscribed, reaching its hard cap. Commitments came from a diverse mix of institutional investors, including leading endowments, charitable foundations, public and corporate pensions, financial institutions, funds of funds, family offices, and sovereign wealth funds.
“Fund II closed with nearly double the commitments of our first fund, which is strong recognition of AEI’s successful strategy and performance for its investors,” said David H. Rowe, Managing Partner of AEI. “We thank our investment partners for their support as we continue to identify attractive investment opportunities in aerospace and defense and related industries both in the United States and globally.”
“With our deep operating expertise and valuable relationships in these sectors, we are well positioned to uncover unique opportunities and create value for our investors,” said Michael Greene, Managing Partner of AEI. “With Fund II successfully closed, we look forward to the next chapter for AEI and its investors.”
Eaton Partners, a Stifel Company, served as placement agent, and Kirkland & Ellis LLP served as legal advisor to AEI.
AEI’s first private equity fund – AE Industrial Partners Fund I, LP (“Fund I”) – closed in April 2016 with $680 million in equity commitments, ahead of its $600 million target. Fund I, which is currently over 80 percent invested or reserved, has closed 21 acquisitions since April 2015, including seven platform investments and 14 add-on acquisitions.
About AE Industrial Partners
AE Industrial Partners is a leading private equity firm with more than $2.7 billion of assets under management, including equity commitments from Fund II, specializing in control investments in aerospace and defense, power generation, and specialty industrial businesses. AEI invests in market-leading companies that can benefit from its deep operating experience, industry knowledge, and relationships. Learn more at www.aeroequity.com