Aero Capital Solutions’ first aviation investment vehicle has raised $200m (€176.7m) at final close.

The mid-life aircraft leasing platform said it also closed on a $400m bank debt facility, providing the first aviation investment vehicle with a total of around $600m of capital for deployment.

Aero said as of its final close on 31 December 2018, the vehicle was around 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, it said.

Adam Davidson, ACS’ EVP of business development, said: “We were pleased to see the strong demand for our first offering from such a sophisticated and diverse group of investors.

“Raising our first investment vehicle will allow us to continue building on our successful track record of acquiring and monetizing mid-life commercial aircraft.”

Jason Barany, ACS’ CEO & CIO, said: “Although we continue to operate in a competitive market, our integrated platform and extensive in-house capabilities, enable ACS to continue to extract incremental value from midlife aircraft assets.”