Fund XI
Underwrite the risk we already fly against.
Aviation Insurance Programs · $2.100B committed capital · Delaware LP.
Thesis
What Fund XI owns.
Fund XI stands up dedicated aviation insurance programs — hull, liability, and crew — inside a captive and MGA structure. The insurance layer serves both 7NINE77 platform aircraft and third-party operators that meet the safety standard.
Aviation insurance is dislocated: capacity is tight, rates are hardening, and safety-verified operators subsidize the rest of the market. Fund XI captures the underwriting margin on the safest end of the risk curve.
Fund Terms
Consistent across the platform.
VehicleDelaware LP
Committed Capital$2.100B
Preferred Return8%
Carried Interest20%
GP Catch-up100%
LP Minimum$5M
Term10 yr + two 1-yr extensions
Operating KPIs
What we measure.
Target Net IRR13–16%
Loss Ratio< 55% on 7NINE77 book
Program Scale$500M+ premium
StructureCaptive + MGA
Underwrite the risk we already fly against.
Fund XI · Aviation Insurance Programs
Continue the Platform
Adjacent funds.
Discuss Fund XI
Investor Relations.
For institutional LPs, family offices, and corporate flight departments considering an allocation.