Wood Creek Capital Management, LLC (“Wood Creek”) today announced that its affiliate, GFL Holdings, LLC , has completed the purchase of 100% of the class A common shares in Genesis Funding Limited (“GFL”) from AerCap International Bermuda, Limited, a wholly owned subsidiary of AerCap Holdings N.V. (“AerCap”, NYSE: AER).
As part of the agreement, AerCap Ireland Limited continues to act as servicer for the GFL aircraft portfolio.
Wood Creek Capital Management is an investment manager focusing on real assets and intellectual property rights. Founded in 2005, it has assembled an extensive transportation portfolio, including aircraft, intermodal containers and over-the-road trailers.
Brett D. Hellerman, Chief Executive Officer of Wood Creek commented: “This transaction is consistent with Wood Creek’s transportation strategy, which emphasizes current income generation. We have executed several transactions with AerCap in the past, and we are excited about expanding our aircraft portfolio. We look forward to working with AerCap in the future.”
Wood Creek was advised by WNG Capital, LLC.
About Wood Creek
Headquartered in New Haven, Connecticut, Wood Creek Capital Management is an SEC-registered investment advisor with committed capital under management of approximately $2.1 billion. Wood Creek is an affiliate of Babson Capital Management, LLC and a member of the MassMutual Financial Group.
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Brett Hellerman, 203-401-3220