August 3, 2021
Vmo Aircraft Leasing’s Capital Increases to $1.1 Billion with Fresh Funding from New Investors
August 03, 2021 09:11 AM Eastern Daylight Time
SAN FRANCISCO--Vmo Aircraft Leasing (“Vmo”), a San Francisco-based aircraft leasing company, announced today that the company increased its capital base from $500 million to $1.1 billion through its latest round of fundraising.
Robert Brown, Executive Chairman of Vmo Aircraft Leasing’s Board of Directors, commented that “this capital increase allows us to accelerate our growth and selectively pursue opportunities to diversify our portfolio, while progressing a complementary debt financing program in the capital markets. It is also evidence of the strong support from our shareholders."
The fresh capital injection comes from the Ares Alternative Credit Group, funds managed by Oaktree Capital Management and Diameter Capital Partners, among other investors.
“We are thrilled to welcome new investors during this round alongside the ongoing support from funds managed by the Private Equity and Credit Groups of Ares Management,” added Scott Graves, Partner, Co-Head of Private Equity Group and Head of Special Opportunities at Ares Management, whose investment funds collectively comprise Vmo’s lead shareholder.
About Vmo Aircraft Leasing
Vmo Aircraft Leasing (“Vmo”) is a U.S.-based commercial aircraft lessor launched in January 2021 by a team of aviation industry veterans and funds managed by Private Equity and Credit Groups of Ares Management Corporation. www.vmoair.com
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