Global Equipment Leasing
Astatine’s Global Equipment Leasing business seeks to create attractive risk-adjusted returns from a diversified portfolio of leased equipment across various transportation sectors, in particular aviation, intermodal, rail and shipping.
A diversified portfolio of leased assets in Aviation, Intermodal, Rail, Shipping and Industrial asset classes
The Global Equipment Leasing business is led by Franklin Pray, who has over 20 years of experience in the formation and management of fleet asset portfolios, and has built two private equity-sponsored leasing businesses.
The strategy is to construct a high cash yield focused, low-risk portfolio producing steady returns across market cycles by diversifying across sectors and sub-sectors in transportation in order to reduce the cycle risk during the asset re-marketing periods following lease-term expiration.
The strategy leverages Astatine’s knowledge of equipment sectors arising from its infrastructure investment activities in airports, ports and marine and land terminals, and rail.
- c. $700m AUM (as of 9/30/24)
- 15 Transactions
- 9-10%+ Target Unlevered IRR
- 11-12%+ Target Levered IRR
- 8%+ Target Cash Yield