Cross Ocean Partners Closes its First Aviation Fund at $438 Million
GREENWICH, Conn., Oct. 09, 2018 (GLOBE NEWSWIRE) — Cross Ocean Partners, a global asset management firm, announced the successful final closing of Cross Ocean Aviation Fund I on August 20, 2018, with total aggregate committed capital of c. $438 million.
The Aviation Fund attracted a diverse investor base which includes private pension plans, insurance companies, endowments, charitable foundations and family offices, amongst others. The Aviation Fund focuses on investments in late life commercial aircraft and engines, globally with an emphasis on North America and Europe. As of September 30, 2018, the Aviation Fund has drawn c. 22% of its committed capital, and it has funded a series of acquisitions of commercial aircraft and engines.
“We are delighted with the success of the fundraise for our first aviation fund,” said Graham Goldsmith, Chief Executive Officer and co-Chief Investment Officer of Cross Ocean Partners. “The firm is very pleased and grateful to have the support of existing Cross Ocean limited partners and develop relationships with new ones as it continues to broaden its investor base. Finally, the team is excited is about the opportunity set in the late life aviation market.”
About Cross Ocean Partners:
Cross Ocean Partners is a global asset management firm focused on credit investments in a broad range of asset classes, including corporate loans and bonds, hard assets, commercial real estate, liquidations and structured credit. As of October 1, 2018, the Firm has 47 employees globally, with offices located in Greenwich, Connecticut; London, United Kingdom; and Dublin, Ireland. Cross Ocean Partners advises assets of $3.2 billion globally across its affiliated asset management entities, and its funds and accounts have raised approximately $4.4 billion of aggregate committed capital to date. The firm also has European and US Special Situations strategies. Cross Ocean Aviation Management Limited is the Investment Manager for the fund.
For further details and inquiries, please contact: Investor Relations Carina Murphy Tel (USA): + 1 203 340 7850