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Perella Weinberg Partners Affiliate and Aviation Industry Professionals Form Infinity Aviation Capital LLC

Dépèche transmise le 28 juin 2011 par Business Wire

NEW YORK--(BUSINESS WIRE)--Perella Weinberg Partners today announced that certain funds within Perella Weinberg Partners’ Asset Based Value strategy have formed Infinity Aviation Capital LLC, a joint venture with aviation industry veterans Richard Baudouin, Co-Founder of Aviation Capital Group, and Khawer Ali and Jerrold Rosen, Principals of KJ Aviation Services Inc.

The joint venture will invest in aviation assets, including jet and turboprop aircraft, engines, and other related assets as well as mezzanine loans. Executives Richard Baudouin, Khawer Ali, and Jerrold Rosen will manage and oversee operations for the business.

Infinity Aviation Capital also announced today that it has recently completed its first acquisition of three pre-owned Boeing 737 Next Generation narrowbody aircrafts currently leased to a major international airline.

David Schiff, Partner at Perella Weinberg Partners and Portfolio Manager of the Asset Based Value strategy, stated, “We are pleased to be working with these well respected aviation industry veterans in our new joint venture, Infinity Aviation Capital. Recent disruptions in the airline and aircraft leasing industries have resulted in significant opportunities to provide needed liquidity and financing solutions to airlines, leasing companies, and other owners of aircraft and equipment. We look forward to working together to grow a servicing platform that will help meet the increased demands of this large market.”

Mr. Rosen said, “Infinity Aviation Capital will target markets that are currently in need of liquidity and where we have longstanding relationships. We plan to implement a prudent growth strategy based upon opportunity driven acquisitions and mezzanine lending to penetrate these underserviced sectors. The Asset Based Value strategy is comprised of strong, experienced investment professionals, and Rich, Khawer and I look forward to partnering with them in this joint venture.”

Perella Weinberg Partners’ Asset Based Value strategy is a leading post-financial crisis provider of U.S. specialty finance solutions. Since inception in 2008, the strategy has grown to manage in excess of $1 billion in equity capital through a number of different investment vehicles. It can deliver significant capital, technical expertise and infrastructure in a wide range of asset classes and structures, including both real and financial assets. The strategy strives to diligence and execute transactions discretely and efficiently. Capital for the strategy is contributed by, among others, a diversified group of institutional investors who seek to invest in compelling opportunities at favorable valuations.

About Perella Weinberg Partners

Perella Weinberg Partners is a leading independent, client-focused financial services firm that provides corporate advisory and asset management services to clients around the world. Launched in 2006, the Firm is a private limited partnership with approximately 350 employees recruited from a wide variety of leading financial institutions.

With over 100 employees, the Firm’s asset management activities include a suite of hedge fund strategies, private capital and a multi-manager business. Investments made through these strategies include most major asset classes on a global basis, including equities, fixed income, asset based securities, distressed securities, private investments and real estate. The global asset management business, including affiliates, has capital commitments and managed assets of approximately $7.9 billion.

The corporate advisory business provides high quality, independent advice and transaction execution capabilities, including mergers and acquisitions, exclusive sales, defense advisory, financial restructuring, private capital and pension advisory.

The Firm has offices in New York, London, Abu Dhabi, Denver, Austin and San Francisco. Biographies and additional information are available at www.pwpartners.com.

About Richard Baudouin

Richard Baudouin has over 30 years of experience in aviation finance. A co-founder of the Aviation Capital Group, he was instrumental in the growth of the company over the past 20 years from a small services company to one of the largest lessors worldwide. Mr. Baudouin started his career at GECC.

About KJ Aviation Services Inc.

KJ Aviation Services Inc., established in 2001, is a leasing and management company with offices in New York and Los Angeles. KJ Aviation Service’s principal activities include the acquisition, management and remarketing of commercial aircraft.