Partners Group's infrastructure secondaries strategy has invested $250 million in Avenue Capital Group's global commercial aviation leasing portfolio. Partners Group's investment is one of the largest transportation transactions by its infrastructure secondaries strategy to-date.
Partners Group is the sole lead investor in an approximately $360 million multi-asset continuation vehicle that was established by Avenue Capital Group to acquire the portfolio. Avenue Capital Group's aviation team will continue to manage the assets.
The portfolio consists of 69 mid-life aviation projects across narrowbody aircraft, widebody aircraft and regional jets. The lessee base is diversified across 30 airlines spanning multiple geographies, including Asia, Western Europe and North America. The majority of cash flows from the portfolio are contracted, providing stable and predictable income. The portfolio is also structured to maximize the asset values of aircraft at the end of contract
