WNG Capital raises $438 million

WNG Capital has announced the final closing of WNG Aircraft Opportunities Fund II with $438 million of capital commitments. The WNG II fund is expected to acquire approximately 40 to 60 Boeing and Airbus narrow body aircraft with ages ranging from 15 to 20+ years and remaining lease terms of 12 to 48 months. “WNG II was oversubscribed with demand exceeding the fundraising target of $300 million. We secured commitments from a sophisticated group of US institutional investors, including public and corporate pension plans, endowments, foundations, and family offices,” said Michael Gangemi, co-managing partner of WNG Capital. “We are gratified