Investment Strategy
Twelve aviation strategies. One platform.
Each fund invests along a single value-chain layer we can operate directly. Aircraft, fuel, real estate, cargo, training, parts, technology, insurance, mobility, sustainable fuel — every dollar deployed sits under an operator who knows the layer.
Terms Across the Platform
Institutional terms. Consistently applied.
| Term | Standard | Notes |
|---|---|---|
| Vehicle | Delaware LP | Third-party administered |
| Preferred Return | 8% | Compounded annually |
| Carried Interest | 20% | On distributed profits |
| GP Catch-up | 100% | Standard waterfall |
| LP Minimum | $5M | Accredited / QP |
| Target Net IRR | 14–18% | By fund |
| Term | 10 years | Plus two 1-year extensions |
| Reporting | Quarterly NAV | Annual audited financials |
Portfolio Construction
Thirty-five funds across two vintages. Six sector clusters.
Ownership Layer — Aircraft & Access
- Fund I — Business jet fleet, fractional and membership
- Fund V — Aircraft leasing (dry & damp) to third-party operators
- Fund X — Advanced air mobility & vertiport infrastructure
Ground Layer — FBO, Real Estate, Cargo
- Fund II — FBO operations & fuel distribution
- Fund III — Hangars, MRO, terminals
- Fund IV — Cargo hubs, GA airports, ground mobility
Service Layer — Training, Parts, Medical
- Fund VII — Medical aviation & air ambulance
- Fund VIII — Pilot training academies & simulators
- Fund IX — Aviation parts distribution & MRO
Enablement Layer — Tech, Insurance, Fuel
- Fund VI — Aviation technology platforms
- Fund XI — Aviation insurance programs
- Fund XII — Sustainable aviation fuel infrastructure
$64.5B
Investment Fund AUM
1.89x
Five-Year MOIC
13.6%
Five-Year IRR
12
Aviation-Dedicated Funds
Discuss the Strategy
Talk to Investor Relations.
Direct access to the office of the CEO for institutional LPs, family offices, and corporate flight departments.