NCB Capital Announces the Launch of a Global Aviation Fund

Press release
Published March 26th, 2018 - 11:42 GMT
Sarah Al Suhaimi, NCB Capital’s Chief Executive Officer.
Sarah Al Suhaimi, NCB Capital’s Chief Executive Officer.

NCB Capital (DIFC) Limited, a subsidiary of NCB Capital Company, the Middle East’s leading investment firm, announced the end of the offering period and the launch of NCB Capital Aviation Fund I with USD 200 million of commitments raised through a private placement.

The Fund holds a majority stake in Peregrine Aviation Topco Limited, an NCB Capital (DIFC) Limited managed vehicle that has acquired a USD 800 million portfolio of 21 aircraft.

The portfolio comprises a mix of narrow-body and wide-body Airbus and Boeing aircraft on lease to 14 airlines across the world.  AerCap Holdings N.V., the world leader in aircraft leasing and aviation finance, is providing technical and lease management services. AerCap holds a minority stake in the portfolio.

The Fund offers investors exposure to the global aviation leasing industry that provides attractive returns that are uncorrelated with other alternative asset classes. The industry has proven to be resilient for more than 30 years.

“We were delighted to offer this unique investment opportunity to our investors. The Fund attracted a large number of investors, highlighting the appeal of this differentiated opportunity. NCB Capital is committed to offering a robust platform of innovative and diverse investment solutions that meet our clients’ needs”, said Sarah Al Suhaimi, NCB Capital’s Chief Executive Officer.

Background Information

NCB Capital Company

NCB Capital was founded in 2007 as the investment banking and asset management arm of the National Commercial Bank (over 90% ownership), providing clients with premier solutions of integrated investment services. Today, NCB Capital is the largest Asset Manager in the Kingdom of Saudi Arabia and the largest Sharia compliant Asset Manager globally with over SAR140 billion of assets under management.

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