Nova Capital launches €50 million light helicopter private debt fund

Nova Capital launches €50 million light helicopter private debt fund

22-Mar-2023 Source: Nova Capital

Nova Capital, the European independent lessor, announced the launch of Nova Capital Light Aviation Debt Fund Ltd, the first private debt vehicle backed by single engine helicopters and light utility fix-wing aircraft.

This innovative financing program offers non-banking investors access to asset-backed private debt opportunities for single engine helicopters and aircraft, exclusively operated under on-shore mission critical and utility services.

The total commitment of this first vehicle will be limited to Eur 50 million, for which Nova Capital has already received significant interest from various private investors including individuals, family offices, and investment funds, all sharing previous experience in aviation and a long-term commitment and passion to our industry.

The first closing is targeted to occur during Q2 2023.

Investors in the fund will benefit from the unrivaled 20 years’ leasing experience of Nova Capital, in particular withini the single engine helicopter and aircraft segment. The company simultaneously announced the acquisition of a dozen of new single engine assets over Q4 2022 and Q1 2023, which brings its owned fleet to 54 assets with a combined total value surpassing US$200 million.

Olivier Piot, Founder and CEO of Nova Capital commented “We are thrilled to lead the way with our first in-house managed debt fund which will be the perfect addition to our usual banking debt. It will definitively be a game changer in our current funding mix while increasing our underwriting capacity. Our customers – especially in the single engine segment – are looking for reliable, swift, and costeffective leasing partners. We are convinced to do the right move here addressing the need for a turnkey innovative leasing solution”.

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