Perella Weinberg Partners announced that certain funds within Perella Weinberg Partners’ Asset Based Value strategy have formed Infinity Aviation Capital, a joint venture with aviation industry veterans Richard Baudouin, co-founder of Aviation Capital Group, and Khawer Ali and Jerrold Rosen, Principals of KJ Aviation Services.

The joint venture will invest in aviation assets, including jet and turboprop aircraft, engines and other related assets as well as mezzanine loans. Baudouin, Ali and Rosen will manage and oversee operations for the business.

Infinity Aviation also announced that it recently completed its first acquisition of three pre-owned Boeing 737 Next Generation narrowbody aircrafts currently leased to a major international airline.

David Schiff, partner at Perella Weinberg Partners and portfolio manager of the Asset Based Value strategy, stated, “We are pleased to be working with these well respected aviation industry veterans in our new joint venture, Infinity Aviation Capital. Recent disruptions in the airline and aircraft leasing industries have resulted in significant opportunities to provide needed liquidity and financing solutions to airlines, leasing companies, and other owners of aircraft and equipment. We look forward to working together to grow a servicing platform that will help meet the increased demands of this large market.”

Rosen said, “Infinity Aviation Capital will target markets that are currently in need of liquidity and where we have longstanding relationships. We plan to implement a prudent growth strategy based upon opportunity driven acquisitions and mezzanine lending to penetrate these underserviced sectors. The Asset Based Value strategy is comprised of strong, experienced investment professionals, and Rich, Khawer and I look forward to partnering with them in this joint venture.”

Perella Weinberg Partners’ Asset Based Value strategy is a leading post-financial crisis provider of U.S. specialty finance solutions. Since inception in 2008, the strategy has grown to manage in excess of $1 billion in equity capital through a number of different investment vehicles.