BBAM Limited Partnership closed Incline Aviation I, an $881m fund dedicated to investing in leased commercial jet aircraft.
The fund surpassed its initial target of $750m, raising capital commitments from limited partners, including some of the world’s largest public employee pension plans and sovereign wealth funds.
Led by Steve Zissis, Chairman and Chief Executive Officer, and Wesley Dick, Senior Vice President and Head of Capital Markets, BBAM is a large dedicated manager of investments in leased commercial jet aircraft providing over 200 airline customers in more than 50 countries with fleet and financing solutions over the last three decades.
It is focused exclusively on generating investment returns for third-party investors.
BBAM currently has more than 400 aircraft under management and employs over 120 professionals at its headquarters in San Francisco and in additional offices in New York, London, Tokyo, Singapore, Zurich, Dublin, and Santiago.