Fund XII
The largest, longest-duration capital call in aviation.
Sustainable Aviation Fuel Infrastructure · $6.304B committed capital · Delaware LP.
Thesis
What Fund XII owns.
Fund XII invests in the physical infrastructure that produces, blends, transports, and dispenses sustainable aviation fuel (SAF). Assets are long-lived, offtake-secured, and eligible for federal and state incentive programs.
SAF is a decade-long infrastructure build. The winners will be the platforms that both produce the molecule and own the last-mile ramp distribution. 7NINE77 already owns the ramp through Fund II — Fund XII closes the loop.
Fund Terms
Consistent across the platform.
VehicleDelaware LP
Committed Capital$6.304B
Preferred Return8%
Carried Interest20%
GP Catch-up100%
LP Minimum$5M
Term10 yr + two 1-yr extensions
Operating KPIs
What we measure.
Target Net IRR14–17%
Offtake Coverage10-yr contracts
Blending Capacity500M+ gal / yr target
Incentive StackIRA + state programs
The largest, longest-duration capital call in aviation.
Fund XII · Sustainable Aviation Fuel Infrastructure
Continue the Platform
Adjacent funds.
Discuss Fund XII
Investor Relations.
For institutional LPs, family offices, and corporate flight departments considering an allocation.