One of the world's biggest asset management firms has bought a minority stake in the recently created specialist aircraft lease and asset management firm Airborne Capital.
Natixis Investment Managers bought the stake for an undisclosed sum from Airborne's existing shareholders, comprising its founding management team and financial services FEXCO.
Headquartered in Ireland, Airborne was launched just last November by a management team with over 100 years of combined experience in aviation finance
Ramki Sundaram, CEO of Airborne Capital, was previously Global Head of Aviation at Natixis, one of the main banks involved in aviation financing.
The deal gives Airborne access to a worldwide asset management platform which will help to accelerate its plans to grow the business to have aircraft assets under management of over $5 billion within the first five years of operations.
It also allows Natixis Investment Managers to continue to expand its expertise in alternative investments, specifically real assets.
