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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.
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
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