Thu, Dec 12, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Marathon Asset Management raises $360m for new aviation fund

Monday, June 03, 2019

Laxman Pai, Opalesque Asia:

New York-based credit investment manager Marathon Asset Management has announced the closure of its first fund -Marathon Aviation Fund - amounting to $360m, solely dedicated to aviation leasing.

The new strategy, which was oversubscribed, will focus on leasing the most in-demand early- to mid-life aircraft, and providing investors with returns that have low correlation to other asset classes, said Marathon Asset Management, the investment advisor with approximately $16.5bn of capital under management, in a press release.

"Continuous rapid growth in global passenger air travel that is outpacing airlines' order capabilities, along with the aging of global fleets and airlines' increasing preference for leasing new, fuel-efficient planes, is creating a compelling opportunity in the aircraft leasing sector," said Andrew Springer, Partner and Head of Structured Credit at Marathon Asset Management.

"We believe our strategy of buying commercial aircraft with triple-net leases and financing from leading partners will provide a highly attractive alternative to traditional fixed income investments," Springer added.

Andrew Rabinowitz, President, Chief Operating Officer and President of Marathon Asset Management said: "Since 2005, we have had a solid track record of delivering strong returns in aircraft leasing and given this experience and Marathon's sourcing capabilities and active pipeline we were well positioned to successful......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. 50 South Capital & Preqin highlight emerging manager outperformance in a new report[more]

    Bailey McCann, Opalesque New York for New Managers: New data from Preqin and 50 South Capital, the investment arm of Northern Trust, shows that emerging managers are outperforming established managers by almost 4% a

  2. An academic wrecking ball aims at hedge funds[more]

    From Bloomberg: Quant investing, and indeed much of the hedge fund industry, is built on the power and freedom that come with the ability to sell short. When you short a security (borrow and then sell it, meaning you make money if the price falls and you then re-buy it), you can profit when markets

  3. PE/VC: Private equity buys $101bn of European businesses, 30 under 30 venture capital 2020: Meet the young investors backing tech's next big thing[more]

    Private equity buys $101bn of European businesses From Bloomberg: European equities' cheap valuations have turned the region into a honeypot for private-equity and arbitrage funds looking to reap double-digit returns. With the buyout firms enjoying a massive amount of dry powder, especial

  4. PE/VC: The truth about private equity fund size, US VC investment in female founders hits all-time high[more]

    The truth about private equity fund size From Institutional Investor: As the end of the year approaches, institutional investors in private markets are wrapping up work on the last few funds we need to invest in to hit our targeted annual commitment levels. You see, private equity

  5. Crypto: Almost 70 crypto hedge funds have closed this year as institutional investors shy away, Central bank talk of launching cryptocurrencies is all bluff, Thailand and Hong Kong in crypto collaboration with cross border token project, Crypto loans see solid growth, platforms attract community interest, A Bitcoiner in the Senate? Is Bakkt CEO in US govt. good or bad for crypto?, Bank of France to test digital currency in 2020[more]

    Almost 70 crypto hedge funds have closed this year as institutional investors shy away From The Block Crypto: Nearly 70 crypto-focused hedge funds that largely cater to institutional investors, such as pension funds and family offices, have closed this year. The number of new fund