We're delighted to announce that we provided legal and fiduciary services in Ireland and the Cayman Islands on the establishment of an aircraft leasing venture to acquire a diversified aircraft leasing portfolio, initially targeting up to $1 billion of investments, consisting of mid-life aircraft on long term lease to airlines globally.
Monroe Capital will provide the investment capital and has identified AIP Capital to act as servicer of the assets. Monroe has secured commitments from Deutsche Bank AG New York Branch and Fifth Third Bank for an initial $500 million senior secured warehouse facility to support the acquisition of aviation assets.
Our Irish legal team was led by partners, Killian McSharry, Matt Hedigan and Eoin Ryan with assistance from associates Owen O'Hanrahan, Diana Pacheco, Ciaran Kenny, paralegal Sherry Yu and trainee Conor McCabe.
Our Cayman Islands legal team was led by partner Sarah Humpleby with assistance from associates, Alexandra Franklin and Matthew Welds.
Our Walkers Professional Services team was led by Joanna Taylor (Ireland) with support from Linval Stewart and Gennie Bigord (Cayman Islands) and Emma Coman (Ireland).
Monroe Capital LLC is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. The firm is headquartered in Chicago and has 11 locations throughout the United States, Asia and Australia.
AIP Capital is a global alternative investment manager focused on opportunities in asset-based finance including aviation and equipment finance. AIP, together with its affiliates, manages approximately $4 billion of assets on behalf of a diversified global investor base. The AIP team is comprised of more than 30 experienced professionals across AIP's offices in Stamford, New York City, Dublin, and Singapore.