AIP Capital, a new global aviation asset management and investment company, has officially launched today.
AIP Capital, set up by industry experts Mathew Adamo and Jared Ailstock, plans to identify and act upon emergent opportunities in the sector, including operating and finance leases, future orders and equity-linked investments. AIP Capital will “exclusively manage aircraft and aircraft financing for 777 Partners, and its affiliated airlines”.
The AIP Capital co-founders and managing partners are well-known aviation professionals. Before founding AIP Capital, Adamo served as managing director of aviation investing at Castlelake and chief investment officer for Jackson Square Aviation. Ailstock was previously managing director and head of aviation – business development & capital markets at Castlelake and held positions in structured finance at both Goldman Sachs and Credit Suisse. Both have extensive experience managing multi-billion-dollar aviation asset portfolios and transactions.
"Both Jared and I pride ourselves on the relationships we’ve developed across airlines, lessors, OEMs, banks and investors," says Adamo. "We hope to leverage those relationships to help our partners achieve their vision of transforming the aviation industry."
"We're not in the business of "renting" capital and collecting servicing fees," adds Ailstock. "We believe in the assets we invest in, and we expect them to generate returns that will positively impact our partner businesses."
AIP Capital has established offices in Stamford, CT and Dublin, which it says will facilitate the recruitment of “top aviation talent and offer proximity to other third-party partners”. The firm will also utilise 777 Partners' global offices, including New York City, London and Miami.
AIP Capital is advised by the law firms Gibson Dunn in the US and McCann Fitzgerald in Ireland, and PwC provides tax advice globally.