Saudi Arabia - 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 wide-body 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.
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