Aero Capital Solutions (ACS), a mid-life aircraft leasing platform, has held the successful final closing on its first aviation investment vehicle with total aggregate equity commitments of USD200 million.
Investors include a broad group of sophisticated investors, registered investment advisers, and single and multi-family offices. In addition to the USD200 million of equity, ACS closed on a USD400 million debt facility with a multinational investment bank providing a total of approximately USD600 million of capital for deployment.
Adam Davidson, ACS’ EVP of Business Development, says: “We were pleased to see the strong demand for our first offering from such a sophisticated and diverse group of investors. Raising our first investment vehicle will allow us to continue building on our successful track record of acquiring and monetising mid-life commercial aircraft.”
As of its final close on 31 December, 2018, the vehicle was approximately 50 per cent deployed, comprised of 21 commercial aircraft. The current portfolio includes a mix of mid-life Boeing and Airbus aircraft. These aircraft are on lease to a diversified group of airlines throughout the world.
Jason Barany, ACS’ CEO & CIO, says: “Although we continue to operate in a competitive market, our integrated platform and extensive in-house capabilities, enable ACS to continue to extract incremental value from midlife aircraft assets.”
Vedder Price serves as legal counsel to ACS.