Aviation, priced as infrastructure.
Thirty-five funds across the 2026 and 2028 vintages. One operating discipline. A platform built to compound capital across the full aviation value chain — fleet, ground, real estate, technology, and fuel.
Five reasons capital committee-ready allocators partner with us.
Operator-led
Every fund is run by aviation operators — pilots, station managers, MRO chiefs, FBO general managers — not generalist analysts. Underwriting is grounded in maintenance cycles, block-hour economics, and dispatch reliability.
Infrastructure-adjacent
Airport real estate, FBOs, cargo hubs, vertiports, and MRO facilities behave like regulated infrastructure — long-lived assets, cash-yielding, with high barriers to entry and durable pricing.
Investor-first terms
8% preferred return. 20% carry after full LP return. 100% GP catch-up. No layered fee stack. Terms are transparent, uniform, and negotiated once.
Vertical integration
Thirty-five funds cross-sell into a single platform. Fleet operations feed fuel demand into FBOs, MRO throughput into parts inventories, and training seats into pilot supply.
Risk discipline
Operations and Reserve Funds sit alongside every strategy — 20% liquidity reserve, safety incident coverage, and a governance stack designed for institutional review.
Governance
Delaware LP structure. Annual audited financials. Independent Fund Advisory Board. Quarterly LP letters. Real-time portal access.
What the platform underwrites.
Uniform economics across all thirty-five funds.
| Fund Structure | Delaware Limited Partnership |
|---|---|
| LP Minimum Commitment | $5,000,000 |
| Preferred Return | 8% per annum |
| Carried Interest | 20% (post full LP return of capital + preferred) |
| GP Catch-up | 100% |
| Fund Term | 10 years, with two 1-year extensions |
| Investment Period | 4-5 years, fund-dependent |
| Reporting | Quarterly LP letters · annual audited financials · real-time portal |
Terms shown are indicative and subject to change under the definitive Fund documentation. This page does not constitute an offer to sell or a solicitation to buy any security.
Ready for the data room?
Qualified allocators can request access to the Fund PPMs, LPA drafts, and side letter templates.
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