Corrum Capital Management, a Charlotte, NC-based private investment firm focused on niche, cashflow-oriented investments including alternative credit and asset-backed strategies, closed its aviation fund, at $250m.
The limited partners of Corrum Capital Aviation Partners included public and corporate pension funds, endowments, foundations and family offices.
The new fund will help the firm expand its aircraft holdings.
Led by co-managing partners Jason Cipriani and Jonathan Mandle, Corrum Capital seeks to execute investment strategies through direct debt and equity investments and in partnership with experienced operators through a variety of structures. The firm currently has investments in the transportation infrastructure sector, including aviation and railcar, and asset- and collateral-backed lending, including lending to the sports and entertainment industries, real estate lending, and trade and receivables finance.
Gallatin Capital and Langshiff Partners acted as fundraising advisers for CCAP while Winston and Strawn LLP provided legal counsel.