Cross Ocean Partners raises $438m

The London-based credit-focused management firm held a final close of its maiden aviation fund.

Cross Ocean Partners has held a final close of its first aviation fund, Cross Ocean Aviation Fund I, at $438 million.

Anchored by investors including private pension plans, insurance companies, endowments, charitable foundations and family offices, the Fund will seek investments in late life commercial aircraft and engines in North America and Europe. Cross Ocean Aviation Management Limited is the investment manager of the fund.