Wings Capital Partners announced today that Corrum Capital has taken an equity position in the company and that Two Sigma Private Investments, Wings’ original investor, has made an additional equity investment, moves that will accelerate growth of Wings’ commercial aircraft leasing business.

Corrum Capital, an active investor in mid-life narrow-body aircraft with Wings for nearly two years, has purchased an equity position in order to expand Wings’ committed capital base and facilitate significant growth for the company. Following the sale of equity, Wings ownership will consist of Two Sigma Private Investments, Corrum Capital and the Wings management team led by R. Stephen Hannahs.

“Wings Capital Partners is very pleased to welcome Corrum Capital as a new shareholder and we’re delighted to have an additional vote of confidence and investment from Two Sigma,” said Hannahs, managing director and chief executive officer for Wings. “Corrum Capital and Two Sigma bring a unique blend of financial expertise, market access and operating insight that will enhance our experienced team’s ability to achieve superior growth both operationally and financially.”

As a part of the transaction, Jason Cipriani, co-managing partner of Corrum Capital Management and J. Chandler Martin, senior advisor to Corrum Capital Management will join Wings’ board of directors along with Hannahs as well as Wray T. Thorn, chief investment officer of Two Sigma Private Investments and Mark Kleinman, operating partner from Two Sigma Private Investments.

“Becoming an equity partner is an exciting next step in Corrum Capital’s relationship with Wings Capital Partners and a natural progression of our asset leasing strategy that we have developed over several years,” said Cipriani. “We look forward to working together with Steve’s team and Two Sigma to execute on the significant pipeline of opportunities available to the company in an attractive market.”

“We are very pleased to welcome Corrum Capital as an investment partner in Wings,” said Thorn. “Steve and his team have built a great franchise, and these additional investments will enable Wings to continue to grow and maximize its enterprise value.”

After closing the pending acquisition of four aircraft, the total value of Wings’ aircraft portfolio will exceed $600 million and is projected to reach approximately $1 billion by year end.