Vmo Aircraft Leasing increased its capital base from $500 million to $1.1 billion through its latest round of fundraising.
“This capital increase allows us to accelerate our growth and selectively pursue opportunities to diversify our portfolio while progressing a complementary debt financing program in the capital markets,” Robert Brown, executive chairman of Vmo Aircraft Leasing’s board of directors, said. “It is also evidence of the strong support from our shareholders.”
Ares Alternative Credit Group, funds managed by Oaktree Capital Management and Diameter Capital Partners provided the capital injection, along with other investors.
“We are thrilled to welcome new investors during this round alongside the ongoing support from funds managed by the private equity and credit groups of Ares Management,” Scott Graves, partner, co-head of the private equity group and head of special opportunities at Ares Management, whose investment funds are collectively Vmo Aircraft Leasing’s lead shareholders, said.
Vmo Aircraft Leasing was launched in January 2021 by a team of aviation industry veterans and funds managed by the private equity and credit groups of Ares Management.