Falko Regional Aircraft Limited (“Falko” or the “Company”), a market leading aircraft operating leasing and asset management company, announces that it completed a $415 million capital raising to be used for investments in leased, regional aircraft globally. The Company significantly surpassed its original target of $300 million.
Falko received commitments from a diverse group of institutional investors, including public and private pension plans, insurance companies, wealth managers, endowments and a sovereign wealth fund from across North America, Europe and Africa.
Falko was formed in July 2011 when funds managed by Fortress Investment Group (“Fortress”) backed the Falko management team (the “Team”) through the management buy-in of BAE Systems Asset Management.
Jeremy Barnes, Chief Executive Officer of Falko, said: “We are delighted to have achieved a successful First and Final Close for our inaugural fund, above target. This marks an exciting new chapter for the Falko business, and we look forward to developing the platform with the backing of a diversified group of high-calibre, institutional investors. We are extremely grateful to Fortress for its ongoing support and sponsorship of the Company.”
Falko intends make equity investments in new and used, leased regional aircraft globally. This strategy is an extension of Falko’s current aircraft leasing and management activities, leveraging the experience of the Team who have all been active in the regional aircraft space for the best part of 20 years.
Evercore Private Funds Group acted as the exclusive global placement agent for the fundraise. Falko’s legal advisors were Kirkland & Ellis LLP (International & US) and Carey Olsen (Jersey).
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