NEW YORK, Jan. 14, 2021 /PRNewswire/ — Kennedy Lewis Investment decision Administration (“Kennedy Lewis”), a major opportunistic credit manager, and Arena Aviation Money (“Arena”), a comprehensive-company plane expenditure administration organization, these days introduced they have entered into a strategic partnership to start a $1.5 billion plane leasing system. The platform, named KLA Aviation Finance (“KLA”), will seek out to acquire modern-day engineering business aircraft assets leased to airways globally, with a most important concentration in the beginning on youthful and new slim-physique aircraft.
Kennedy Lewis has fully commited to deliver equity funding to capitalize KLA. Arena will resource transactions for the platform on an exclusive foundation as nicely as provide a comprehensive suite of lease servicing and asset management providers.
Patrick den Elzen, Co-Founder and CEO of Arena said: “Since our inception in 2013 we have grown into a top impartial asset manager with important scale and an outstanding observe file of buying and leasing aviation assets. We are particularly very pleased of our latest portfolio of plane representing around $2 billion of AUM as properly as our escalating foundation of lessee counterparties. Our partnership with Kennedy Lewis, a planet-course trader who shares our vision and investment tactic in aviation finance, represents a significant milestone in our progress and we feel KLA is nicely positioned to deal with the considerable liquidity challenges throughout the aviation business as a result of COVID-19.”
Dik Blewitt, Kennedy Lewis’ Husband or wife and Head of Tactical Chances, reported: “We are very energized to lover with Arena to offer much needed funds to the airline and lessor community. COVID-19 has forced the airline sector to grapple with unparalleled illiquidity and basically reshaped the landscape for capital suppliers. Vital new and current technological innovation plane leased to substantial high-quality airlines stand for a incredibly beautiful long-time period expenditure opportunity. We consider Arena’s technical expertise, asset management and leasing keep track of file, and in depth network will help us establish a finest-in-class aviation leasing portfolio and deliver attractive risk-modified returns for our buyers.”
Milbank LLP served as authorized advisor to Kennedy Lewis. Vedder Selling price and Arthur Cox served as lawful advisors and Deutsche Bank served as sole fiscal advisor to Arena.
About Kennedy Lewis
Kennedy Lewis ( www.klimllc.com ) is an opportunistic credit score manager founded in 2017 by David K. Chene and Darren L. Richman. It pursues occasion-driven cases in which a catalyst may perhaps unlock price and focuses principally on corporate and structured credit rating prospects in North The usa and Europe.
About Arena Aviation Funds
Arena Aviation Cash ( www.arena-aviationcapital.com ) is a comprehensive-service plane expense management business focusing on the full daily life cycle of attaining and leasing used commercial aviation assets, servicing financial investment and airline clients around the world and giving expert services together with the origination, financing, hazard management, and administration (finance/accounting and authorized) of commercial aviation property. Arena also supplies pre-packaged tailor-built solutions for airline consumers for their mid and conclude-of-life assets. Arena currently manages 52 plane leased to 23 airline buyers in Europe, North The usa, Africa and Asia.
Media Contact – Kennedy Lewis Expense Management
+1 212 782 3480
Media Speak to – Arena Aviation Funds
Dirk Jan Smit
+31 207 238 700
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