NCB Capital Announces the Launch of a Global Aviation Fund
NCB Capital (DIFC) Limited, a subsidiary of NCB Funding Company, the Middle East's leading investment firm, introduced completion of the offering period and the launch of NCB Resources Aeronautics Fund I with USD 200 million of commitments increased via a personal placement.
The Fund holds a bulk risk in Peregrine Aviation Topco Limited, an NCB Resources ( DIFC) Limited took care of vehicle that has actually obtained a USD 800 million profile of 21 aircraft
The profile comprises of a mix of narrow-body and wide-body Airbus and Boeing aircraft on lease to 14 airlines across the world. AerCap Holdings N.V., the world leader in airplane leasing and aeronautics financing, is providing technical and lease management services. AerCap holds a minority stake in the portfolio.
The Fund offers financiers direct exposure to the global air travel leasing industry that gives eye-catching returns that are uncorrelated with other different property courses. The industry has actually verified to be durable for greater than Thirty Years. " We were happy to provide this unique investment possibility to our capitalists. The Fund drew in a lot of financiers, highlighting the charm of this distinguished chance. NCB Resources is dedicated to offering a durable platform of innovative and varied financial investment options that satisfy our clients' needs", said Sarah Al Suhaimi, NCB Funding's Chief Executive Officer.
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