Finance Monthly. The Monthly Round-Up 13 tensive experience in the full investment cycle managing and structuring the investment of over €1 billion of capital with an asset value of approximately €5 billion in the transport sector. Its most recent experience includes investing in a diversified portfolio of 12 commercial aircraft leased to leading international airlines such as Delta Airlines and Qatar Airways. Positive growth prospects for a sector with a stable historical development Despite being one of the sectors that suffered the most during the Covid-19 pandemic, it has also been one of those that has recovered the best, especially in these last months of 2023 where it has become clear that it is a resilient sector that already exceeds the levels of demand recorded in 2019. The long useful life of these real assets (more than 25 years) and their ability to move to any part of the world to continue their operation make them a predictable asset with very stable cash flows over the long term. Likewise, they have historically shown a very uncorrelated behaviour with respect to other more traditional assets. The current context, marked by delays in the global supply chain, has led to a deferral of aircraft deliveries to airlines and lessors, which in turn has strongly supported asset valuations, thereby improving the collateral they provide for these investments. Despite the timely delay, the outlook for aircraft fleet growth is very positive and is expected to double over the next 20 years to more than 46,500 by 2042 according to figures provided by the two main manufacturers Airbus and Boeing. Jon Garaiyurrebaso, Managing Partner of Arcano Asset & Capital Finance, has indicated that “investment in this type of assets is increasingly in demand among investors. Arcano Aviation Fund, FCR will follow a conservative investment strategy based on (i) geographic diversification, by asset type and counterparty, (ii) by the selection of liquid assets and (iii) the search for solid long-term counterparties.” Miguel Cacho como nuevo Managing Director de Arcano Capital SGIIC, S.A.U., ha señalado que “el Miguel Cacho, as the new Managing Director of Arcano Capital SGIIC, S.A.U., said: “The aviation sector has shown a spectacular recovery in recent months, reaching levels of demand similar to 2019. We have strong relationships in the market that allow us to have differential access to a large number of investment opportunities in this segment.” About Arcano Arcano Partners, founded in 2003, is an independent global firm with more than 20 years of experience in international financial advisory and asset management. Arcano Partners currently has four business areas: • Alternative Asset Management, with €10 billion managed and advised since the start of its activity in 2006, and with five asset classes: Private Equity, Credit Strategies, Real Estate, Sustainable Infrastructure and Venture Capital; Arcano has a strong focus on sustainability and responsible investment, being one of the benchmark asset managers in ESG. • Investment Banking, providing advisory services in M&A, refinancing, restructuring and capital markets transactions to companies in various sectors; Arcano has teams specialised by sector, and additionally offering a cross-sector technology/digital approach. • Arcano Research provides economic, real estate and differential market analysis, as well as geopolitical and technological analysis of both local and global trends. This analysis is extremely useful for optimising company decisions, especially in environments of extreme uncertainty where the impact of making mistakes is profound and can be mitigated by investing in quality analysis. • Arcano Asset & Capital Finance, an area that allows investors to participate in the creation of solutions for the financing of real or intangible assets in Spain, under a stable regulatory framework and under a very solid investment structure in terms of risk protection. Arcano has a team of more than 230 professionals of more than 16 nationalities, with 7 offices in Europe and the United States, and has become one of the independent firms of reference in the European alternative finance market.v
RkJQdWJsaXNoZXIy Mjk3Mzkz