Aviation specialist Thora Capital’s debut fundraise drives AUM to $50m

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Thora Capital has announced the final close of its first fund, just as the aviation finance-focused firm closes its second deal.

AltAssets reported earlier this year that Thora had raised at least $46m from LPs for Thora Capital Fund I, according to an updated SEC filing.

A previous filing showed the firm was looking to raise up to $100m for the vehicle, although it is unclear if this was a target or a hard cap amount.

Old City Securities and Oakpoint Solutions were listed as placement agents for the fund in the US and abroad.

Thora typically invests in helicopter assets as well as some fixed-wing aircraft and other related financial instruments.

“We sincerely appreciate the trust placed in us by our investment partners,” said Thora chief executive officer Matthew Rothschild.

“With $50 million of capital commitments and co-investment assets under management, Thora is well-positioned to support the financing needs of the industry during this period of elevated demand for creative capital solutions.”

Alongside the fund close, Thora has secured a deal for the acquisition of two utility helicopters to be leased to Texas-based Uniflight Global Flight Services and operated by Aviation Services Unlimited.

Thora was founded by Rothschild, who had previously served as a portfolio manager at Balyasny Asset Management.

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