Novus Aviation Capital Launches Ortus II Fund with Sumitomo Mitsui Trust Bank
Novus Aviation Capital and Sumitomo Mitsui Trust Bank (SuMi TRUST) have launched Ortus II, a second co-sponsored equity investment fund initially targeting US$200 million. Ortus II was opened to select investors in February 2019 and as of September 30, has been oversubscribed with close to US$300 million in raised funds.
Ortus II will continue the Ortus fund’s focus and strategy on acquiring commercial aircraft leased to airlines around the world. The fund consists of a portfolio of global airlines, covering commercial aircraft from both Airbus and Boeing. It has already won industry accolades and completed two leases during the 2nd quarter of 2019.
The decision from leading global aircraft leasing and financing platform Novus, and SuMi TRUST, one of Japan’s top financial institutions, to deepen their partnership through Ortus II follows the success of the award winning USD 200 million Ortus fund.
Hani Kuzbari, Managing Director of Novus Aviation Capital, said, “Our growing partnership with SuMi TRUST through the establishment of Ortus II speaks to the continued strong demand from leading Japanese institutional investors. The commercial aviation market remains robust in Asia and further afield, so we believe this is a good time to pursue existing and prospective investment opportunities.”
Mitsuru Koguchi, General Manager of SuMi TRUST said “We were pleasantly surprised of the speed of the fund raising and oversubscription for Ortus II. It really reflects the track record of the precedent fund and investors’ recognition of the stability of aircraft investment returns.”
Ortus, which is Latin for ‘rising’, signifies the continued faith of Japanese financial institutions such as SuMi TRUST in the aviation industry.
About Novus Aviation Capital:
Novus is an independent, privately-held aircraft leasing platform, focused on investing in commercial aircraft assets. Established over 25 years ago, the Novus team operates out of its six global offices in the Middle East, Europe and Asia. The company currently co-owns and manages aircraft-related projects worth about USD 4 billion.
About SuMi TRUST:
Sumitomo Mitsui Trust Holdings, Inc. is a Japanese financial holding company headquartered in Tokyo. It provides an assortment of financial products to retail and wholesale customers, with a focus on asset management, financial brokerage and real estate services. SuMi Trust is the largest trust company and the fifth-largest bank in Japan measured by assets.