NCB Cap­i­tal an­nounces launch of global avi­a­tion fund

Arab News - - CORPORATE PR -

NCB Cap­i­tal (DIFC) Lim­ited, a sub­sidiary of NCB Cap­i­tal Com­pany, a lead­ing in­vest­ment firm in the Mid­dle East, has an­nounced the end of the of­fer­ing pe­riod and the launch of NCB Cap­i­tal Avi­a­tion Fund I with $200 mil­lion in com­mit­ments raised through a pri­vate place­ment.

The fund holds a ma­jor­ity stake in Pere­grine Avi­a­tion Topco Lim­ited, an NCB Cap­i­tal (DIFC) Lim­ited man­aged ve­hi­cle that has ac­quired an $800 mil­lion port­fo­lio of 21 air­craft.

The port­fo­lio com­prises a mix of nar­row-body and wide­body Air­bus and Boe­ing air­craft on lease to 14 air­lines across the world. AerCap Hold­ings N.V., a world leader in air­craft leas­ing and avi­a­tion fi­nance, is pro­vid­ing tech­ni­cal and lease man­age­ment ser­vices. AerCap holds a mi­nor­ity stake in the port­fo­lio.

The fund of­fers in­vestors ex­po­sure to the global avi­a­tion leas­ing in­dus­try that pro­vides at­trac­tive re­turns that are un­cor­re­lated with other al­ter­na­tive as­set classes. The in­dus­try has proven to be re­silient for more than 30 years.

“We were de­lighted to of­fer this unique in­vest­ment op­por­tu­nity to our in­vestors.

The fund at­tracted a large num­ber of in­vestors, high­light­ing the ap­peal of this dif­fer­en­ti­ated op­por­tu­nity. NCB Cap­i­tal is com­mit­ted to of­fer­ing a ro­bust plat­form of in­no­va­tive and di­verse in­vest­ment so­lu­tions that meet our clients’ needs,” said Sarah Al-Suhaimi, NCB Cap­i­tal’s chief executive of­fi­cer.

The LG TwinWash sys­tem com­bines two wash­ers so users can wash two loads at the same time or in­de­pen­dently.

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