New York (HedgeCo.net) – Robert Crane, Gary Ran and Gary Weisman have launched a new investment firm focused exclusively on the commercial aviation industry.
Crane Aircraft Partners, LLC, based in California and Michigan, will provide multiple investment options for investors, including direct investments in commercial aviation assets and the first aviation focused equity long/short hedge fund.
“In the wake of the global financial crisis, there is a need for both equity and debt capital in the commercial aviation industry. We see a ripe opportunity to earn attractive investment returns. In addition, creating an aviation focused hedge fund allows us to benefit from the knowledge and insight we’ve gained from being active investors in commercial aviation assets.” Ran said.
The team is led by Crane, who has more than 25 years of experience in commercial aircraft leasing and trading. Ran, the Chairman and Founder of Telemus Capital Partners, LLC and Gary Weisman, the owner of General Worldwide Aviation, LLC have previously invested together with Crane in a number of aviation transactions.
In the past five years, the firm’s partners have been investors in, and lenders on, commercial aviation assets valued at $100 million and have raised approximately $25 million in equity and debt capital. The firm will use its experience and extensive relationships to raise equity and debt capital from retail and institutional investors.
Crane Aircraft Partners expects to begin fundraising for the new firm’s first equity and debt funds within the next month.
Alex Akesson
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