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Investec’s global expansion ambitions
31 May 2011
Investec Global Aviation Fund (IGAF) will grow its aircraft portfolio by tapping institutional investors outside of Australia.
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Investec Global Aviation Fund (IGAF)
institutional investors
David Phillips
Investec Bank
superannuation funds
Gecas
Nord LB
Investec Global Aviation Fund (IGAF), based in Australia, says it hopes to double its 20-aircraft portfolio worth $1 billion by the end of the year to 40 aircraft. By the end of 2012, it plans to have more than 60 aircraft in the fund.
The team of 25 is finishing road shows that began in Asia, Europe and ending in North America where Investec has spoken to investors about the attractiveness of the asset class and the long-term investment needed to fund aircraft.
“We’re convinced that the right equity capital for this asset class is long-term institutional money from the likes of pension funds and life insurance funds,” says David Phillips, fund executive, Investec Global Aircraft Fund and Structured Finance, Investec Bank. “Now we’re...
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