Aquarian Enhances Investments Platform with Formation of Aquarian Real Estate Partners
New York, NY – October 1, 2025 – Aquarian Holdings, a diversified global holding company with a strategic portfolio of insurance and asset management solutions, today announced the formation of Aquarian Real Estate Partners (“AREP”), which will enhance the company’s robust 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 tiers of the capital structure. The investment arm will provide equity and debt financing to borrowers for the construction, acquisition, and refinancing of commercial real estate, seeking to deliver attractive risk-adjusted returns to Aquarian’s insurance portfolio company and third-party clients. Sponsor relationships are highly valued and at the core of everything AREP does, with the team providing its sponsors with funding reliability, capital structure flexibility, and timely execution.
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 real estate projects. Prior to joining Aquarian, Kevin served as a Founding Partner at Iviron Capital Partners and was a Vice President at Athos Capital Partners and 54 Madison Capital – both precedent funds of Iviron principals. Earlier in his career, Mr. Holmes worked within the Investment Banking Division at Deutsche Bank, where he advised clients on capital markets and M&A, participating in the execution of over $10 billion in domestic and cross-border transactions. Mr. Holmes earned an MBA from Duke University Fuqua School of Business and a B.A. in Political Science from Bucknell University.
“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.”
Since its founding in 2017, Aquarian has grown to approximately $25.6 billion in assets under management (“AUM”), establishing itself as a significant player in the investment industry. Under the leadership of founder Rudy Sahay, Aquarian combines a holistic view of the investment landscape with incisive decision-making and deep investing acumen. Aquarian currently houses multiple investment teams, including Aquarian Strategic Opportunities, Aquarian Credit Partners, and Aquarian Private Credit. AREP will build on Aquarian’s strong financial foundation with the addition of seasoned 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.”
About Aquarian
Aquarian is a diversified global holding company with a strategic portfolio of insurance and asset management solutions, providing investment opportunities to millions of people. Aquarian invests across the capital structure and creates tailored financing solutions that enable great, high-quality companies to grow and evolve. Aquarian and its relying advisers serve as investment managers on approximately $25.6 billion of book value AUM as of June 30, 2025. For more information, visit aquarianlp.com.