AE Industrial Partners’ Second Private Equity Fund $1.36 Billion Fundraising

Eaton Partners, a Stifel Company, served as placement agent, and Kirkland & Ellis LLP served as legal advisor to AEI.

AE Industrial Partners, LP, a leading private equity investor in aerospace and defense, power generation, and specialty industrial companies, 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.

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.

The Kirkland team was led by investment funds partner Jeffrey Kaplan (Picture) and associates Daniel McQuade and Ryan McNish; private equity partners Douglas Gessner and Jeremy Liss; regulatory partner Scott Moehrke and associate Ryan Swan; and tax partner Donald Rocap and associate Daniel Sito.


Involved fees earner: Jeffrey Kaplan – Kirkland & Ellis; Daniel McQuade – Kirkland & Ellis; Ryan McNish – Kirkland & Ellis; Douglas Gessner – Kirkland & Ellis; Jeremy Liss – Kirkland & Ellis; Scott Moehrke – Kirkland & Ellis; Ryan Swan – Kirkland & Ellis; Donald Rocap – Kirkland & Ellis; Daniel Sito – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: AE Industrial Partners LP;