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Our Businesses

What is Infrastructure?

  • - Infrastructure is an investment strategy to use long-term private pooled vehicles, which invest in both local and overseas prime real assets, including global aviation, Maritime, Rails, Power Generation, Renewable Energies, Public Facilities, Environmental Facilities, Artworks.
  • - It aims to generate long-term stable ROI via investing in infrastructure projects across private sectors
  • - We bring high-level investment service via joint cooperation with overseas GP and professional institutions with outstanding track-records and industry expertise

Global Aviation_What We Do

We are an on-going and full-service investment manager, uniquely positioned to capitalize on aviation market opportunity so as to provide exclusive access, taking both investors’, manufacturers’, operators’, and other market participants’ needs into account.
Originating(Phase-in)
  • ·Deal sourcing
  • ·Feasibility Test and Cash Flow Analysis
  • ·Capital structuring
  • ·Optimized Bespoke portfolio composition
  • ·Appraisers’ valuation
  • ·Risk assessment
  • ·Pre-purchase inspection and records audit
  • ·LOI, Purchase agreement, etc.
  • ·Lease agreement
  • ·Verification of compliance with delivery condition
  • ·Asset acquisition
Entire Investment Period (Phase-in)
  • ·Monitoring & Management
    • - Utilization, Maintenance status, Service bulletin and Insurance
    • - Financial status and Outlook of operator
    • - Validity of Basic Certificate
  • ·Lease rental and Maintenance reserve invoicing and administration
  • ·Liaison with operators, OEMs, MRO and Civil aviation bureau
  • ·Routine inspection and Records audits assessment
  • ·Provision quarterly report of asset management
  • ·Interests debt payment and dividends
Return Realization(Phase-in)
  • ·Market analysis and asset positioning
  • ·Development of exit strategy
  • ·Re-marketing
  • ·Management of special situations
  • ·On-site physical inspection and maintenance check
  • ·Verification of compliance with return conditions
  • ·EOL cash compensation
  • ·Active remarketing for sale or lease
  • ·Engine lease / Freighter conversion / Part-out

Global Aviation_Investment Rationales

Advantages in Global Aviation Investment

  • Established long-term & robust growth market
  • Cash-flows match long-term liabilities (attractive ALM opportunity)
  • Uncorrelated to traditional asset classes (beneficial diversification)
  • Transparent manufacturer market underlying supply and demand dynamics
  • Attractive current income and cash yields
  • High asset utilization with long-term, contractual cash-flows
  • Low volatility of aircraft returns
  • Identifiable and transferable collateral, bankruptcy protection, and high recovery rates
항공기 금융_투자 Rationales
0~8 Years 8~15 Years 15~20 Years 20+ Years
Investors
Profile
  • ·Institutional investors
    • - Pension funds
    • - Insurance companies
    • - Family offices
  • ·Structured products
  • ·Institutional investors
    • - Pension funds
    • - Insurance companies
    • - Family offices
  • ·Structured products
  • ·High-yield hungry investors who rely on our mid-to-late life management capabilities
  • ·Opportunistic Buyer
  • ·Smaller Audience
  • ·Opportunistic Buyer
Investment Rationale
  • ·Strategic growth & fleet scale up
  • ·Stable long-term contracted cash flows with low asset volatility
  • ·Attractive lease rates & cash-on-cash yields
  • ·Low volatility with predictable and attractive risk-adjusted return
  • ·High-yield return available
  • ·Flexible Exit Strategy
  • ·Special Situation
  • ·Asset Play
  • ·Airline’s spare aircraft
  • ·We seek high-yielding returns with limited leverage
  • ·Arbitrage/Engine Fund /Conversion Programme
  • ·Special Situation
  • ·Asset Play

Global Aviation_Highlights 1

Innovative & Differentiated Market Proposition with Strong Fundamental Growth of Drivers

  • Source aircraft investment opportunities on an opportune basis
    • - Act as an on-going and full-service investment manager who is uniquely positioned to capitalize on aviation market opportunity so as to provide exclusive access, taking both investors’ and operators’ needs into account
    • - Act as an independent intermediary between manufacturers, airlines, and other lessors
    • - Bridge gaps for aircraft manufacturers, airline operators and financing sources
  • Flexible business model with no specific minimum holding period for aircraft
  • Favorable economics: discounted purchase prices and attractive lease rates
  • Targeted returns – high multiples of initial equity invested while mitigating risk
Typical Strategy
  • · Aging aircraft portfolio
  • ·Higher operating costs
  • ·Large order books imply lack of flexibility
  • ·Lack of focus on opportunistic acquisition
  • · Several lessors burdened with old, legacy aircraft portfolios
  • · Exposure to various airlines in an attempt to diversify
  • · Struggle to access cheap sources of funding to maintain large fleets
  • · Targeted returns of low teens on a fully-ramped basis Mid to High Single (<9%)
Pureun Partners’ Strategy
  • · Bridges gaps for aircraft manufacturers, airline operators, lessors and financing sources with minimal operating costs
  • ·Model built to provide maximum flexibility to purchase or sell aircraft
  • ·Strategic focus on opportunistic aircraft deals, not maximizing rental fleet
  • · Source only young and liquid aircraft
  • · Focused on low-risk “Marquee” airlines
  • · Similar size of required fleet allows ample access to debt market
  • · High targeted returns and multiples of initial equity Double Digit (>=10%)

Global Aviation_Highlights 2

Deep & Unique Industry Relationships / Strong Pipeline for Future Deals

  • Management intends to leverage existing relationships to identify acquisition and leasing opportunities
    • - Strong relationships with aircraft manufacturers (Airbus, Boeing, Bombardier, etc.) and engine manufacturers (Rolls-Royce, CFM, Pratt and Whitney, etc.)
    • - Extensive track record with the global airlines
    • - Trustworthy ties with the global lessor community to enhance aircraft investment expertise via research sharing, co-investment and legal reviews
    • - Close working relations with the global funds and financial institutions to provide optimal aviation financing solution