Novus Aviation Capital and Sumitomo Mitsui Trust Bank (SuMi TRUST) have launched Ortus II, a second co-sponsored equity investment fund initially targeting $200 million.
Ortus II was opened to select investors in February 2019 and has been oversubscribed with close to $300 million in raised funds.
Ortus II will continue the Ortus fund’s focus and strategy on acquiring commercial aircraft leased to airlines around the world. The fund consists of a portfolio of global airlines, covering commercial aircraft from both Airbus and Boeing.
Hani Kuzbari, managing director of Novus Aviation Capital, said: “Our growing partnership with SuMi TRUST through the establishment of Ortus II speaks to the continued strong demand from leading Japanese institutional investors. The commercial aviation market remains robust in Asia and further afield, so we believe this is a good time to pursue existing and prospective investment opportunities.”
The decision from leading global aircraft leasing and financing platform Novus, and SuMi TRUST, one of Japan’s top financial institutions, to deepen their partnership through Ortus II follows the success of the 2016 $200 million Ortus fund.
Mitsuru Koguchi, general manager of SuMi TRUST, added: “We were pleasantly surprised of the speed of the fund raising and oversubscription for Ortus II. It really reflects the track record of the precedent fund and investors’ recognition of the stability of aircraft investment returns.”
This won the Middle East & Africa Equity Deal of the Year 2019 at Airline Economics’ African & Middle East & Islamic Finance Aviation 100 Awards in Dubai.