Stellwagen Group’s inaugural ABS Raptor Aircraft Finance I Limited closes

Stellwagen Group has announced the closing of its inaugural aviation ABS co-investment vehicle, Raptor Aircraft Finance I Limited 2019-1 which offered $726 million of rated notes secured by a portfolio of 19 aircraft on lease to 14 airlines located in 12 countries. The company acted as structurer in the formation of Raptor and sourced $193 million of third-party institutional equity co-investors for this new issuer. Stellwagen, through its capital management division (Stellwagen Capital), will act as the ongoing Administrator to Raptor and, through its Aviation Services division (Seraph Aviation), will act as the ongoing Servicer for the aircraft. The portfolio