AUSTIN, Texas, April 15, 2020 /PRNewswire/ -- Aero Capital Solutions, Inc. ("ACS"), a leading mid-life aircraft leasing platform, today announced the successful final closing on its second aviation investment vehicle with total aggregate equity commitments of $413 million. The diverse investor base includes fund of funds, pensions, sovereign wealth funds, registered investment advisers, single and multi-family offices and qualified individuals. In addition to the $413 million of equity, ACS is in the process of finalizing debt facility negotiations with multinational investment banks and is targeting up to $1.2 billion in total capital for deployment.
Jason Barany, ACS' CEO & CIO, commented, "As we operate in a challenging economic environment, we continue to find interesting risk adjusted opportunities with an enhanced focus on airline credit quality and liquidity. With committed capital, our integrated platform and extensive in-house capabilities, ACS is able to extract incremental value from mid-life aircraft assets."
Adam Davidson, ACS' EVP of Business Development, added, "We are grateful for the strong demand for our second offering from such a sophisticated and diverse group of investors. Raising our second investment vehicle will allow us to continue building on our successful track record of acquiring and monetizing mid-life commercial aircraft."
As of its final close on March 6, 2020, the investment vehicle was approximately 35% deployed, comprised of 40 commercial aircraft assets closed or under contract to close. The current portfolio includes a mix of mid-life Boeing and Airbus aircraft on-lease to a diversified group of airlines around the world.
Vedder Price serves as legal counsel to ACS.
Aero Capital Solutions, Inc.
Aero Capital Solutions, Inc. ("ACS") is a leading mid-life aircraft leasing platform. Since the firm's inception in 2010, ACS has deployed in excess of $2 billion in aircraft assets. ACS believes there is a meaningful opportunity to acquire mid-life aircraft by focusing on opportunities that emphasize ACS' "metal expertise" and active investment management approach. ACS has 45 employees and offices in Austin, TX, Dublin, Ireland, and Singapore.
SOURCE Aero Capital Solutions, Inc.