Japan’s First Open-Ended Aircraft Fund Launched, Targeting Over JPY 150 Billion
Disclaimer: This document is for informational purposes only and does not constitute any investment advice or recommendation. The mentioned fund product is unrelated to "UDF" and its inclusion here does not imply endorsement or promotion. Investors should seek independent professional advice before making any decisions.
– Providing investors with a more liquid aircraft investment opportunity, a new frontier in alternative investments –
– The first initiative of its kind by a Japan-based asset manager –
Mercuria Investment Co., Ltd. (the “MIC”), a subsidiary of Mercuria Holdings Co., Ltd. (“MHD”), and Airborne Capital Limited (an aircraft leasing and asset manager headquartered in Ireland; “ACL”) have decided to jointly establish and operate a new open-ended* aircraft fund (“MACH OE”).
To date, MIC and ACL have jointly offered closed-ended aircraft funds structured with portfolios suitable for Japanese investors. MACH OE, however, will be innovatively structured as an open-ended fund, and will be the first open-ended fund of its kind by a Japan-based asset manager in the aircraft fund space (according to MHD research).
The target asset size is approximately JPY 150+ billion. The Development Bank of Japan is expected to participate in MACH OE as an anchor investor, and the fund is expected to be supported primarily by institutional investors such as financial institutions, pension funds, business corporations, and educational institutions.
With respect to this new initiative, Daiwa JPI Alternative Investments Co., Ltd. (“DKAI”), a group company of Daiwa Securities Group Inc., will provide support including the introduction of MACH OE to investors and the provision of operational services. In addition, in order to support the further development of MACH OE, DKAI has entered into a memorandum of understanding regarding a strategic business alliance with MIC and ACL.
*Open-ended fund: A type of fund that allows investors to subscribe and redeem during the fund’s operating period.
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