“Incline’s investors are all leaders and innovators in their respective fields, and we are grateful to have received such strong support. We look forward to partnering with them for years to come,” added Wesley Dick, Senior Vice President and BBAM’s Head of Capital Markets.
BBAM surpassed its initial target of $750 million, raising capital commitments from limited partners, including some of the world’s largest public employee pension plans and sovereign wealth funds.
“The high quality of Incline’s investor base validates BBAM’s track record and the vision of aircraft as an asset class that Steve and the BBAM team pioneered decades ago,” commented Tawfiq Popatia, Managing Director with Onex Corporation and a member of BBAM’s board of directors.
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, please visit its website at www.bbam.com.
This news release may contain forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. BBAM is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.
All amounts in U.S. dollars unless otherwise stated
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Senior Vice President
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SOURCE BBAM Limited Partnership