Apollo Aviation Group, a multi-strategy aviation investment manager, has announced that it raised USD 950 million of capital commitments for SASOF IV, its fourth flagship aviation fund, the company said.
The fund was oversubscribed, exceeding the target of USD 850 million. SASOF IV, an institutionally focused private equity fund, follows on from SASOF II and SASOF III where Apollo Aviation raised USD 593 million and USD 833 million, in 2013 and 2015, respectively. SASOF IV´s investors include a broad group of sophisticated public pensions, corporate pensions, foundations, endowments, insurance companies, and others.
SASOF IV has already committed to acquire 37 commercial aircraft including four A319s, nine A320s, one A321, four A330s, and 19 B737. These aircraft are on lease to a diversified group of airlines throughout the world.
Kirkland & Ellis LLP advised Apollo Aviation in connection with the formation of SASOF IV.
Apollo Aviation Group is a multi-strategy aviation investment manager that seeks to capitalize on its extensive technical knowledge, in-depth industry expertise and longstanding presence in the mid-life commercial aviation sector. In addition to SASOF IV, Apollo Aviation´s private equity managers manage two private equity funds (i.e., SASOF II and SASOF III) and several private accounts.