Perella Weinberg Partners Asset Based Value Strategy, an alternative asset management strategy and a unit of Perella Weinberg Partners, and Hawke Aerospace Holdings (HAH) announced they have launched Infinity Helicopter Leasing, a new helicopter equipment leasing venture.

Infinity Helicopter Leasing will focus primarily on the light (single and twin) and medium helicopter equipment types throughout the western hemisphere, particularly on-shore operators in the United States and Canada, such as healthcare organizations that use helicopters for air medical transportation, law enforcement agencies and utility operations. HAH’s maintenance, repair and overhaul subsidiary, Uniflight, and flight services subsidiaries, Keystone Med-Flight and Aviation Services Unlimited, will also be involved with the venture.

Infinity Helicopter Leasing and its affiliates acquired four helicopters in December 2013, the company’s first aircraft acquisitions.

David Schiff, a partner of Perella Weinberg Partners and Portfolio Manager of the Perella Weinberg Partners Asset Based Value Strategy, stated, “We are excited to launch Infinity Helicopter Leasing in partnership with Joe Hawke and his team at HAH. This partnership marks our entry into the rotary-wing class of aircraft and reflects our strategy of launching new businesses with experienced management teams in markets where we see an opportunity to provide unmatched solutions. We look forward to growing Infinity Helicopter Leasing and leveraging our existing infrastructure to meet the increasing market demand in this important niche.”

Joe Hawke, chairman and CEO of HAH, and managing director of Infinity Helicopter Leasing, said, “We are excited to be aligned with Perella Weinberg Partners Asset Based Value Strategy and to be working with David and his team. They bring an innovative approach to investing in capital equipment, focusing on the quality of the equipment and the nature of the operation, rather than the more traditional bank lending approach to credit underwriting. This partnership allows us to serve a greater segment of the helicopter industry and grow a significant portfolio of attractive equipment that will foster business development in our target markets.”