SKY Leasing Is Flying High with $770M Raise for Aviation Fund

Sky Leasing, a San Francisco-based aviation-focused alternative asset manager, closed its oversubscribed fifth fund – Sky Fund V (SFV) – at $770m.

The company targets sale-leaseback investments in new aircraft, with more than half of the fund’s capital spent on a fleet of 48 planes with an average age of less than three years.

The firm received capital commitments from existing and new investors that include global insurance companies, sovereigns, pension funds, endowments, foundations, and family offices.

“The capital raised for SFV is well positioned for the post-covid recovery period, which continues to present attractive investment opportunities for new and young mid-life aircraft,” said Austin Wiley, Chief Executive Officer of SKY Leasing.

Sky Leasing’s fund management business was founded in 2019, in partnership with global investment manager M&G Investments. In the past seven years, SKY Leasing has deployed more than $7bn to acquire new and young mid-life aircraft.

Eaton Partners acted as the exclusive global placement agent for the Fund.