First Closing of KGAL’s Aviation Fund APF 3

KGAL Group has successfully completed the first closing of the KGAL Aviation Portfolio Fund 3 (APF 3) with equity commitments of c. €73 million. In total, APF 3 is targeting an equity volume of €200 million, allowing it to invest up to €400 million in passenger aircraft with a maximum leverage of 50%. With the continued high level of demand from institutional investors for transportation infrastructure KGAL, one of Europe’s leading infrastructure investment & asset managers, launched the fund in Q4 2016, as the identical institutional successor product to APF 1. “The objective of KGAL APF 3 is to create