NEW YORK, Jan. 14, 2021 /PRNewswire/ — Kennedy Lewis Financial commitment Administration (“Kennedy Lewis“), a main opportunistic credit score manager, and Arena Aviation Money (“Arena”), a total-assistance aircraft financial investment management firm, today declared they have entered into a strategic partnership to launch a $1.5 billion plane leasing system. The system, named KLA Aviation Finance (“KLA”), will search for to acquire modern engineering business plane belongings leased to airways globally, with a primary concentration initially on youthful and new narrow-entire body plane.
Kennedy Lewis has committed to give equity financing to capitalize KLA. Arena will source transactions for the platform on an unique foundation as nicely as present a full suite of lease servicing and asset management companies.
Patrick den Elzen, Co-Founder and CEO of Arena mentioned: “Since our inception in 2013 we have grown into a primary independent asset manager with significant scale and an superb keep track of file of buying and leasing aviation property. We are really very pleased of our current portfolio of aircraft symbolizing approximately $2 billion of AUM as nicely as our growing foundation of lessee counterparties. Our partnership with Kennedy Lewis, a earth-course trader who shares our eyesight and financial investment approach in aviation finance, signifies a major milestone in our improvement and we think KLA is nicely positioned to handle the sizeable liquidity issues throughout the aviation market as a final result of COVID-19.”
Dik Blewitt, Kennedy Lewis’ Associate and Head of Tactical Options, explained: “We are incredibly fired up to lover with Arena to present considerably wanted funds to the airline and lessor local community. COVID-19 has pressured the airline sector to grapple with unprecedented illiquidity and basically reshaped the landscape for capital vendors. Important new and latest technology aircraft leased to large good quality airways symbolize a very desirable long-time period expense prospect. We believe that Arena’s complex knowledge, asset administration and leasing observe report, and extensive community will help us establish a ideal-in-class aviation leasing portfolio and crank out desirable hazard-altered returns for our traders.”
Milbank LLP served as legal advisor to Kennedy Lewis. Vedder Rate and Arthur Cox served as lawful advisors and Deutsche Lender served as sole monetary advisor to Arena.
About Kennedy Lewis
Kennedy Lewis (www.klimllc.com) is an opportunistic credit rating manager launched in 2017 by David K. Chene and Darren L. Richman. It pursues party-pushed conditions in which a catalyst could unlock worth and focuses mainly on corporate and structured credit history chances in North America and Europe.
About Arena Aviation Cash
Arena Aviation Capital (www.arena-aviationcapital.com) is a full-service aircraft expense management firm focusing on the complete life cycle of acquiring and leasing made use of business aviation assets, servicing expense and airline buyers around the world and delivering solutions which includes the origination, funding, risk management, and administration (finance/accounting and lawful) of commercial aviation belongings. Arena also supplies pre-packaged tailor-designed alternatives for airline customers for their mid and end-of-daily life property. Arena these days manages 52 plane leased to 23 airline clients in Europe, North The united states, Africa and Asia.
Media Call – Kennedy Lewis Expenditure Administration
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Media Get in touch with – Arena Aviation Capital
Dirk Jan Smit
+31 207 238 700
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