AE Industrial Partners Closes First Fund with $680M

Apr 12 2016 | 9:03pm ET

Aerospace specialist AE Industrial Partners has raised $680 million for its inaugural buyout fund, surpassing its $600 million target.

The fund will invest in aerospace and related industry segments, including highly technical manufacturing, distribution and supply chain management, MRO and industrial service-based businesses, according to a statement. It is one of the largest to be raised in this niche.

Investors include a diverse group of institutional investors, including pension plans, endowments, alternative asset managers and family offices. The firm also disclosed an additional $160 million raised for co-investment vehicles, including its legacy investment in Global Jet Capital, which AEI owns with its partners Carlyle and GSO Capital Partners, and two platform investments already made from the fund. 

“With our debut private equity fund, we have substantial resources to devote to the broad range of investment opportunities we see domestically in aerospace and related industries,” said said David Rowe, Managing Partner of AEI.

Eaton Partners served as the fund’s placement agent, while Gibson Dunn & Crutcher LLP served as legal advisor, AEI noted.

Based in Boca Raton, Florida, AE Industrial Partners was founded in 1998. The firm is a leading private equity firm in the aerospace, power generation and specialty industrial sectors, focusing on highly technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul) and industrial service-based businesses. AE Industrial’s team includes partners with C-suite operating experience in organizations such as GE, Gulfstream Aerospace, Power Systems Manufacturing, Hawker Beechcraft, Landmark Aviation, Bombardier, IDEX, Aviall, B/E Aerospace, NetJets, and Grand Prairie.

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