Shared 06 October, 2025
Aquarian Holdings, a diversified global holding company with a strategic portfolio of insurance and asset management solutions, has announced the formation of Aquarian Real Estate Partners (AREP) to enhance the company’s real estate investments and commitment to providing durable value for investors and clients. AREP will invest in commercial real estate and real estate-related investments across various asset types, geographies, and capital structure tiers, providing equity and debt financing to borrowers for construction, acquisition, and refinancing of commercial real estate.
Kevin Holmes, Partner and Head of AREP, brings over a decade of experience in originating, executing, and monitoring real estate investments in development, value-add, and operating projects. Prior to joining Aquarian, Holmes served as Founding Partner at Iviron Capital Partners and Vice President at Athos Capital Partners and 54 Madison Capital. Earlier in his career, he worked in Deutsche Bank’s Investment Banking Division, participating in the execution of over $10 billion in domestic and cross-border transactions.
“Real estate is an essential component of Aquarian’s investment strategy, and the launch of AREP allows us to deepen our commitment to this asset class,” said Kevin Holmes. “We see tremendous opportunity to partner with sponsors across markets and provide flexible capital solutions that deliver long-term value for our investors and clients.” AREP emphasizes sponsor relationships as core to its approach, providing funding reliability, capital structure flexibility, and timely execution.
Since its founding in 2017, Aquarian has grown to approximately $25.6 billion in assets under management, establishing itself as a significant player in the investment industry under founder Rudy Sahay’s leadership. The company currently houses multiple investment teams including Aquarian Strategic Opportunities, Aquarian Credit Partners, and Aquarian Private Credit, with AREP building on this foundation through the addition of seasoned real estate leadership.
“Aquarian has always had a strong track record in real estate, and the formalization of Aquarian Real Estate Partners is a natural next step in providing our clients with thoughtfully structured opportunities,” said Rudy Sahay, Founder and Managing Partner of Aquarian Holdings. “The addition of Kevin and team positions us for long-term growth and enhances the company’s ability to generate competitive returns.” The formation of AREP represents Aquarian’s strategic commitment to expanding its presence in commercial real estate investments.
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