Posted on: 21 April 2010 by Ross McSweeny
Global private equity firm The Carlyle Group and RPK Capital Management, an aircraft leasing and investment company, have formed a partnership – RPK Capital Partners – to invest $600 million in equity in a spectrum of global commercial aviation assets, including, aircraft, engines, and related securities and loans.
The new partnership is expected to purchase well over $1 billion in aviation assets. The equity comes from Carlyle Partners V, Carlyle Strategic Partners II, RPK principals and other investors.
Carlyle managing director Adam Palmer commented, “This new partnership marries Carlyle’s global footprint and decades of aerospace experience with RPK’s proven ability to create value in complex situations in the commercial aircraft sector at this opportune time. RPK’s responsive, creative and disciplined approach has enabled them to generate consistently superior returns.”
RPK co-founder and managing partner James Raff added, “We are excited to partner with The Carlyle Group in this sector. There is a significant need for capital and expertise in the commercial aviation investment sector at this time. This new partnership will provide creative fleet solutions and liquidity to airlines, lessors, financial institutions and other non-traditional owners of aviation assets worldwide.”
RPK is an aircraft leasing and investment company founded in 2004 with headquarters in Chicago and offices in New York, San Francisco and London. The senior management team comprises four veterans of the aviation industry: James Raff, Paul Redman, Robert Gates and Christopher Chaput, who have extensive experience in acquiring, leasing, remarketing and financing aircraft, as well as substantial experience in aircraft related capital markets transactions.