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Money Management

Natixis acquires minority stake in aircraft lease manager Airborne Capital

Jean Raby, CEO of Natixis Investment Managers

Natixis Investment Managers acquired a minority stake in specialist aircraft lease provider Airborne Capital, a spokesman said.

Airborne Capital, which launched in 2017, seeks institutional money to invest in debt securities to purchase planes. With target assets under management of $5 billion, in the next five years it plans build a private assets investment platform for pension funds and sovereign wealth funds, the spokesman added.

Natixis, which has $961.1 billion in assets under management, purchased the Airborne stake for an undisclosed amount from Airborne founders and existing shareholder FEXCO Holdings, a financial services company in Ireland. The Natixis spokesman declined to comment on the size of the minority stake.

"Airborne Capital combines an experienced management team, a strong track record and a unique model to investing in real assets in the fast-growing commercial aviation sector. As demand for alternative and real asset classes grows, we will continue to invest in the ability to bring our clients the best solutions available," said Jean Raby, CEO of Natixis Investment Managers, in a news release.