Funds managed by Stonepeak Infrastructure Partners have partnered with Bellinger Asset Management to acquire a $1.1 billion performing aircraft loan portfolio from National Australia Bank.
The portfolio comprises 27 loan facilities secured by 159 aircraft, with a collateral valuation of $1.4 billion.
The portfolio acquisition represents the first joint investment made by Stonepeak and Bellinger and the launch of a diversified, independent aviation platform, which will seek to deploy capital opportunistically and strategically across the aviation sector. Funds managed by Stonepeak have committed $500 million in further equity capital for future investment in partnership with Bellinger in the aviation platform. Stonepeak’s investment will be made through a combination of Stonepeak’s infrastructure-focused private equity and credit funds.
“We view aviation as a critical infrastructure sector and key industry within the firm’s broader transportation investme
