Greenwich, Conn.–based Cross Ocean Partners has held a $438 million final close for its Cross Ocean Aviation Fund I.
The Aviation Fund attracted a diverse investor base, which includes private pension plans, insurance companies, endowments, charitable foundations and family offices, amongst others. The Aviation Fund focuses on investments in late life commercial aircraft and engines, globally with an emphasis on North America and Europe.
As of Sept. 30, 2018, the Aviation Fund has drawn 22 percent of its committed capital, and it has funded a series of acquisitions of commercial aircraft and engines.
