Operations Fund I

Fund the operation.

Fleet Operations, Maintenance & Human Capital · $3.226B committed capital · Delaware LP.

Thesis

What Operations Fund I capitalizes.


7NINE77 Operations Fund I finances the day-to-day operating footprint of the fleet: pilots and cabin crew, maintenance labor, dispatch, ground services, and the human-capital programs that keep the platform certificated. It sits alongside the investment funds so that operating cost is capitalized once, not embedded in every fund's cost basis.

Operating float scales with utilization, not asset value. Housing operating capital in a dedicated vehicle protects LP economics in the investment funds from cyclical labor and maintenance inflation, and it lets the platform hire, train, and retain the people the aircraft depend on.

Fund Terms

Consistent across the platform.

VehicleDelaware LP
Committed Capital$3.226B
Preferred Return8%
Carried Interest20%
GP Catch-up100%
LP Minimum$5M
Term10 yr + two 1-yr extensions
Operating KPIs

How we measure it.

PurposeOperating capital reserve
DeploymentPayroll, MRO labor, dispatch, training
IndependenceSeparate from investment fund NAV
GovernanceLP Advisory Board oversight
Fund the operation.
Operations Fund I · Fleet Operations, Maintenance & Human Capital
Discuss Operations Fund I

Investor Relations.

For institutional LPs, family offices, and corporate flight departments considering an allocation.