GIC Acquires Minority Interest in BBAM

Increasingly, asset owners such as sovereign funds and pensions are dipping their toes into the world of aircraft leasing and financing. Singapore’s GIC Private Limited, through a sovereign wealth enterprise (SWE), agreed to buy a 30% ownership stake in San Francisco-based BBAM Limited Partnership. GIC is buying BBAM ownership interest through partial sales by the company’s two existing shareholders, BBAM’s management team and the Onex Group. Following the transaction, all three parties will assume minority joint ownership of BBAM. The transaction is expected to close by September 30, 2017, subject to certain conditions and approvals.

With more than 400 aircraft under management, BBAM is one of the largest investment managers committed to the leased commercial jet aircraft space, building upon a 30-year joint venture with Nomura Babcock & Brown. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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