Ireland-based Airborne Capital has secured a $20m (€18bn) capital raise as part of the expansion of its asset management business.
The funds were raised via its US subsidiary Airborne Capital USA, with the commitments coming from US-based institutional investors.
Airborne currently manages in excess of $2bn of aircraft assets for a wide variety of institutional investors and airlines across the globe.
Hari Raghavan, partner at Airborne Capital, said: “This new capital raise paves the way for further growth and allows us to continue expanding our asset management business. This financing reflects our strong commercial position, and better positions us to serve our clients in the increasingly evolving aviation space.
“This transaction marks a significant milestone for Airborne. It represents the confidence that institutional investors have in Airborne Capital.”
Brean Capital served as Airborne Capital’s exclusive financial advisor and sole placement agent in connection with the transaction.
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