Barings, one of the world’s leading investment managers, announced that it has entered into a purchase agreement to acquire a portfolio of narrow-body commercial passenger aircraft through its Capital Solutions platform, which invests across the capital structure to deliver tailored solutions, partnering with Genesis, the full-service aircraft lessor that is wholly owned by Barings-managed funds, to originate, underwrite, and manage this portfolio of aircraft.

The portfolio includes 12 end-of-life narrow-body aircraft and their associated leases, which are valued in excess of $200 million. Consistent with the Barings Capital Solutions team’s investment approach, the transaction is structured to provide investors with contractual cash returns and additional upside through asset appreciation.

Read full press release here.