Conlon explains High Ridge is set to be active with debt mandates initially, but on the leasing side the firm is likely to chase primarily newer technology narrowbody and widebody sale/leasebacks partly because there are more opportunities to acquire these types of assets. Nevertheless, Conlon adds that the firm has appetite for a relatively wide range of assets.
“Obviously, newer-tech NBs and WBs will be the primary focus, but one of the advantages you have with the High Ridge team is that we're very experienced in multiple asset classes, be it narrowbodies, widebodies, regional jets, spare engine leasing, freighters, helicopters, spare parts, and structured finance deals.”
"We will have the capability – if the market opportunity is there – to do other types of product strategies, be it midlife, be it engine leasing, or freighters. All of those respective product classes have slightly different return profiles. Some are more cash-on-cash heavy, and that targets a certain fund requirement, while some are more yield focused, where most of the return is on the back end.”