Approximately $36.0 million invested as of September 30, 2014.
NEW YORK – Business Development Corporation of America provided an update on its investment in Kahala Aviation Holdings, LLC. Since its initial investment in December 2013 through September 2014, BDCA has invested in KAH or its subsidiaries approximately $36.0 million in the aggregate, helping KAH to acquire or agree to acquire nine aircraft. As of September 30, 2014, BDCA has $2.0 billion in assets under management.
“Our investment in Kahala Aviation allows us to provide financing to an aircraft leasing company led by a highly experienced management team,” commented Peter Budko, Chief Executive Officer of BDCA. “We believe the aircraft leasing business will allow BDCA to further expand its senior secured investment focus and continue its commitment to creating a leading, diversified credit business.”
“We remain excited about our investment in one of the most experienced aircraft leasing teams in the industry,” added Robert Grunewald, President, Chief Operating Officer and Chief Investment Officer of BDCA. “We believe BDCA’s continued investment in KAH and exposure to KAH’s specialized leasing niche complements BDCA’s investment portfolio and shows our abilities to provide shareholders with exposure to a diversified credit platform within BDCA.”
“The investments from BDCA have enabled us to timely execute upon a number of complex and diversified leasing transactions,” stated Brad Smith, Managing Director at Kahala Aviation Ltd., a KAH affiliate. “We look forward to continuing our relationship with BDCA.”
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