What's New In Investments, Funds? - Marathon

Editorial Staff

5 June 2019

Marathon
Credit investment manager has reportedly closed its first fund solely dedicated to aviation leasing, the Marathon Aviation Fund.

The oversubscribed new strategy concentrates on leasing the most in-demand early- to mid-life aircraft, and providing investors with returns that have low correlation to other asset classes, according to HedgeWeek. However, the report provided few other details such as information on investment minimums and targeted returns. This publication contacted Marathon for comment and may update in due course.

While still a niche area, a number of firms operate in aviation-linked investment areas. For example, last year, DAE Capital, the leasing arm of Dubai Aerospace Enterprise, formed an asset management unit that aims to build AuM from about $850 million to $5 billion. The business uses DAE’s global platform to provide bespoke asset management solutions to investors in aviation assets and give investors a single point of contact. In March this year, Bloomberg reported that Apollo Global Management LLC was seeking to raise as much as $1 billion for a new aircraft-finance fund.

Marathon's aviation team has seven professionals, four aircraft leasing investment professionals, two high-yield airline credit investment professionals and an in-house legal counsel.