BBAM Limited Partnership (BBAM) has announced that it has closed its latest flagship aircraft leasing fund, Incline Aviation II, with total capital commitments of approximately $1.5 billion.
A diverse group of institutional investors committed to Incline Aviation II, including some of the world's largest public and private employee pension plans and sovereign wealth funds. The fund attracted a mix of repeat and first-time investors, reports the leasing company.
"We appreciate the strong backing from existing and new investors that made our second Incline Aviation fund closing a huge success," said Steve Zissis, President and Chief Executive Officer of BBAM. "We have been actively investing and are excited about the opportunity to generate attractive returns for our investors while partnering with our airline clients globally."
Incline Aviation II has deployed approximately $318.0 million of equity commitments across 31 aircraft investments as of December 31, 2021.
Incline Aviation II continues BBAM's aviation investment strategy with a fund dedicated to investing in leased commercial aircraft. Incline Aviation I, a first-of-its-kind multi-strategy fund, closed in 2017 with total capital commitments of $931 million.