Marathon Asset Management has announced the closure of its first fund, amounting to $360 million, solely dedicated to aviation leasing.
The new strategy, which was oversubscribed, will focus on leasing the most in-demand early- to mid-life aircraft, and providing investors with returns that have low correlation to other asset classes.
Andrew Rabinowitz, president, chief operating officer and president of Marathon Asset Management commented: "Since 2005, we have had a solid track record of delivering strong returns in aircraft leasing and given this experience and Marathon's sourcing capabilities and active pipeline we were well positioned to successfully launch our dedicated aircraft fund. Building on our track record in this sector, our strategy is designed to deliver attractive, uncorrelated cash flow-driven returns by focusing on aircraft that are in high-demand and critical to our lessees' businesses."
Marathon's aviation team is comprised of seven professionals, four aircraft leasing investment professionals, two high-yield airline credit investment professionals and internal legal counsel.