Private investment firm Corrum Capital Management completed a single-asset continuation fund completed a single-asset continuation fund allowing it to continue its partnership with AvAir on December 4, 2024. The transaction provided liquidity to Corrum's existing limited partners and follow-on capital to support the company's growth and expansion.
“We are delighted to further continue our strong partnership with AvAir as the company continues to execute on its long-term strategic plan,” said Corrum co-managing partner Jason Cipriani. “The company's impressive ability to deepen its relationships with a global customer base while navigating unprecedented pandemic-era market conditions is a testament to an exceptional management team led by CEO Mike Bianco.”
The transaction provided liquidity to Corrum's existing limited partners and follow-on capital to support the company's rapid growth and expansion. It was led by New 2ND Capital.
Metric Point Capital acted as the exclusive financial advisor for the transaction. Winston & Strawn served as legal counsel for Corrum Capital Management.