AIP Capital, Monroe Capital form leasing JV

AIP Capital (AIP) announced it has formed a venture with Monroe Capital to acquire a diversified aircraft leasing portfolio of up to $1 billion of investments, consisting of mid-life aircraft on long-term lease to airlines globally. Monroe will provide the investment capital and has identified AIP Capital to act as servicer of the assets. This venture will seek to acquire a diversified aircraft leasing portfolio, initially targeting approximately $1 billion of investments in mid-life aircraft on long-term lease to airlines globally. AIP will 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. “We are excited to announce this partnership with Monroe Capital Alternative Credit Solutions. This venture provides scalable and stable capital; critically, it enhances value to our global airline customers and lessor trading partners even as capital markets have increased volatility,” said Jared Ailstock, Managing Partner at AIP. “We look forward to scaling this venture over the coming months with Monroe, one of the most trusted firms in asset-based finance.” “We are pleased to partner with AIP as we expand our asset-based finance business into the aviation sector,” said Aaron Peck, Managing Director & Co-Head of Alternative Credit Solutions at Monroe. “This venture reflects our strategy of aligning with experienced operators in sectors with strong asset fundamentals and long-term demand visibility. We believe aviation is a natural extension of our platform, and this venture positions us to deliver attractive, risk-adjusted returns for our investors.” Gibson Dunn served as transaction counsel and PwC acted as tax advisor to AIP Capital. Milbank LLP served as transaction counsel and KPMG acted as tax advisor to Monroe. BOC Aviation names head of OEM strategy and procurement BOC Aviation has named Yogesh Farswani as head of OEM strategy and procurement with effect from 1 July 2025. In his new role, he will assume responsibility for the Procurement department, in addition to existing responsibilities for engines, encompassing aircraft and engine procurement as well as our wider OEM engagement activities. He will continue to report to Chief Operating Officer Thomas Chandler. Farswani assumes these new additional responsibilities from Mr. Alistair Greig, who retires on 30 June 2025. “Our heartfelt appreciation goes to Alistair for his 22 years of dedication to growing our fleet, which now exceeds 800 owned, managed and on order aircraft. With over 29 years of experience in the aviation industry, Yogesh will continue to drive portfolio growth and enhance our key relationships with the OEMs,” said Steven Townend, Chief Executive Officer and Managing Director. “As we enter a new phase of fleet expansion, Yogesh’s experience will ensure that we continue to achieve our growth ambitions.” Farswani joined BOC Aviation in May 2024 to lead the newly established engines department as Head of Engines. Prior to that, he held diverse roles across finance, risk, government affairs, sales and country-management functions at Pratt & Whitney in China, Singapore and the United States of America. He holds a Bachelor of Science degree from Bryant University and a Master of Business Administration from the University of Connecticut. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]