Novus Aviation Capital and Sumitomo Mitsui Trust Bank (SuMi TRUST) have launched Ortus II, a second co-sponsored equity investment fund initially targeting US$200 million.
Ortus II was opened to select investors in February 2019 and as of September 30, has been oversubscribed with close to US$300 million in raised funds.
Ortus II will continue the Ortus fund’s focus and strategy on acquiring commercial aircraft leased to airlines around the world. The fund consists of a portfolio of global airlines, covering commercial aircraft from both Airbus and Boeing. It has already won industry accolades and completed two leases during the 2nd quarter of 2019.
“Our growing partnership with SuMi TRUST through the establishment of Ortus II speaks to the continued strong demand from leading Japanese institutional investors. The commercial aviation market remains robust in Asia and further afield, so we believe this is a good time to pursue existing and prospective investment opportunities.” Said Hani Kuzbari, Managing Director of Novus Aviation Capital.
“We were pleasantly surprised of the speed of the fund raising and oversubscription for Ortus II. It really reflects the track record of the precedent fund and investors’ recognition of the stability of aircraft investment returns.” Mitsuru Koguchi, General Manager of SuMi TRUST said
Ortus, which is Latin for ‘rising’, signifies the continued faith of Japanese financial institutions such as SuMi TRUST in the aviation industry.