SKY Leasing has closed its flagship fund, SKY Fund VI, with more than $1.35bn in capital commitments, exceeding its initial target.
The fund will focus on providing capital to airlines through sale-leaseback transactions of new and current technology aircraft.
“The capital raised for SFVI is a testament to the strong institutional investor demand for SKY’s unique approach to origination and portfolio construction,” said Austin Wiley, chief executive officer of SKY Leasing. “Our global airline partners increasingly seek capital to transition their fleets from current to new technology aircraft.”
The firm has so far deployed over $600 million from the fund to acquire a fleet of 62 aircraft.
Eaton Partners acted as the exclusive global placement agent, while Kirkland & Ellis served as legal counsel for the fund.