ORLANDO, Fla., Oct. 20, 2014 /PRNewswire/ -- Global Jet
Capital, a new company providing leasing and lending solutions for
large-cabin, long-range business jets, has officially begun
operations. Three global investment firms – GSO Capital Partners, a
Blackstone company in partnership with Franklin Square Capital
Partners*; The Carlyle Group; and AE Industrial Partners – have
partnered to launch the company, which has the financial capacity
to fund more than $2 billion in
aircraft financing for individual, corporate and government use
globally.
"Our management team, executive committee and sponsors have been
evaluating this marketplace for the last 36 months," said
Shawn Vick, Chairman of Global Jet
Capital's executive committee. "The conditions are right for
asset-based structured financing services. In recent years,
traditional lending sources have not been as active in business jet
financing as they used to be, leaving an opportunity for Global Jet
Capital."
Global Jet Capital offers operating and interim leases, finance
leases and mortgage loans, progress payments and mezzanine
financing for both new and previously owned business jets. The
company's equity base, flexible business model and industry
expertise allow it to move quickly to provide clients with
customized financing solutions.
Vick will be joined on the executive committee by two other
aviation industry veterans, Bill
Boisture and David Rowe, who
have extensive experience in the business jet leasing and financing
sectors. The executive committee will lead a team of seasoned
managers with broad-based experience who will manage the company in
sales, marketing, operations and administration.
"Our team's research, as well as that of independent sources,
indicates there is increasing demand for leasing and lending
solutions in this sector of the market," said David Rowe, Chairman. "As a result of our
structure, capitalization and flexibility, we have financing
solutions that may not be available from traditional lending
sources."
"We have been evaluating the global corporate aviation industry
for over a year and could not be more pleased with the world-class
management team and investor group that we have assembled for this
opportunity," said Dan Smith, Senior
Managing Director at GSO Capital Partners.
"The Global Jet team has extensive experience in the business
aviation industry," said Carlyle Managing Director Adam Palmer. "We are eager to address this
market opportunity by combining their operational expertise with
the decades of aerospace investing experience and global footprint
of the sponsors."
GSO Capital Partners and Franklin Square Capital
Partners
GSO Capital Partners, with approximately $69.5 billion in assets under management, is the
credit platform of The Blackstone Group, a leading global
institutional alternative asset manager and provider of financial
advisory services, with assets under management of approximately
$279 billion.** Franklin Square
Capital Partners is a leading manager of alternative investment
funds designed to enhance investors' portfolios by providing access
to asset classes, strategies and asset managers that typically have
been available to only the largest institutional investors.
Franklin Square manages over
$12 billion** in assets. Franklin Square's funds are currently
sub-advised by GSO or its affiliates.
* Investment to be made by funds advised or sub-advised by GSO
Capital Partners and Franklin Square Capital Partners or their
respective affiliates, as applicable.
** As of June 30, 2014
The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with $203 billion of assets
under management across 126 funds and 139 fund of funds vehicles as
of June 30, 2014. Carlyle's purpose
is to invest wisely and create value on behalf of its investors,
many of whom are public pensions. Carlyle invests across four
segments – Corporate Private Equity, Real Assets, Global Market
Strategies and Solutions – in Africa, Asia,
Australia, Europe, the Middle
East, North America and
South America. Carlyle has
expertise in various industries including aerospace, defense and
government services; consumer and retail; energy; financial
services; healthcare; industrial; real estate; technology and
business services; telecommunications; and media and
transportation. The Carlyle Group employs more than 1,600 people in
40 offices across six continents. www.carlyle.com
AE Industrial Partners
AE Industrial Partners was founded in 1998 by Brian H. Rowe and David
H. Rowe to channel their extensive network of business
relationships in the aerospace industry into a private equity
portfolio of aerospace investments. Over the years, AE Industrial
Partners developed a proprietary network of operating executives
focused on investing in the aerospace and power generation
industries with capital provided by the founders, its partners and
industry executives.
Media Contact:
Clif
Stroud
703.346.7323 [mobile]
clif@aviationcommunications.net
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SOURCE Global Jet Capital