Vedder Price is pleased to announce it represented Aero Capital Solutions, Inc. (ACS) in its debut aviation fund with total aggregate equity commitments of $200 million. In addition to the fund-closing, ACS has secured $400 million in debt funding from a multinational investment bank, providing a total of approximately $600 million of capital for deployment.
“Having partnered with ACS since their inception, we are truly excited about the success of their debut aviation fund ,” said Global Transportation Finance Shareholder Adam R. Beringer. “Our Private Fund Formation group worked seamlessly with members of our industry-leading Global Transportation Finance team in this capital raise to structure both an equity and debt product that will allow ACS to execute its strategy in an efficient manner.”
According to ACS’s press release, as of its final close on December 31, 2018, the vehicle was approximately 50% 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.
Joseph Mannon, Chair of Vedder Price’s Private Fund Formation group and member of the firm’s Investment Services group added, “The strong demand from investors, especially for a debut investment vehicle, is a testament to the team at ACS and their strategic vision in such a competitive market.”