Riyadh - Mubasher: NCB Capital (DIFC) Limited announced the completion of the offering period for NCB Capital Aviation Fund I, which will primarily invest in the aviation sector.
NCB Capital Limited, a subsidiary of NCB Capital, launched the fund at $200 million in commitments and assets “raised through a private placement,” it said.
NCB Capital Aviation Fund I owns a majority stake in Peregrine Aviation Topco Limited, another subsidiary of NCB Capital (DIFC) Limited.
Peregrine Aviation Topco Limited boasts an $800 million portfolio of 21 aircraft, comprising wide-body and narrow-body Boeing and Airbus models “on lease to 14 airlines across the world”, NCB Capital said in a statement.
“AerCap Holdings N.V., the world leader in aircraft leasing and aviation finance, is providing technical and lease management services. AerCap holds a minority stake in the portfolio,” the statement added.
NCB Capital Aviation Fund I provides attractive investments at high returns in the aviation sector.
“The Fund attracted a large number of investors, highlighting the appeal of this differentiated opportunity. NCB Capital is committed to offering a robust platform of innovative and diverse investment solutions that meet our clients’ needs,” NCB Capital’s CEO Sarah Al Suhaimi said.
