BBAM Limited Partnership has announced the successful fundraising and closing of Incline Aviation I, an USD 881 million fund dedicated to investing in leased commercial jet aircraft, the company said.
BBAM surpassed its initial target of USD 750 million, raising capital commitments from limited partners, including some of the world´s largest public employee pension plans and sovereign wealth funds.
BBAM is the world´s largest dedicated manager of investments in leased commercial jet aircraft providing over 200 airline customers in more than 50 countries with fleet and financing solutions over the last three decades. BBAM is the only manager in the aircraft leasing industry focused exclusively on generating investment returns for third-party investors. BBAM currently has more than 400 aircraft under management and employs over 120 professionals at its headquarters in San Francisco and in additional offices in New York, London, Tokyo, Singapore, Zurich, Dublin, and Santiago. For more information about BBAM, visit its website at www.bbam.com.