OUR FIRM

Latest News

October 03, 2016

Guggenheim Partners Announces Sale of Commercial Aviation Division to Management Team

Team to Operate as Altavair, a Global Commercial Aircraft Leasing, Financing, and Management Company

NEW YORK – Guggenheim Partners, a global investment and advisory firm with more than $240 billion in assets under management, announced today the sale of its commercial aircraft investment and management business, Guggenheim Aviation Partners (“GAP”), to the GAP management team.

Founded in 2003 as a joint venture between Guggenheim and aircraft industry veterans Steve Rimmer and Paul Newrick, GAP focuses exclusively on acquiring, leasing, converting, and selling commercial aircraft and engines. The team’s extensive track record includes completing over $8 billion in commercial aircraft transactions, management of more than 200 commercial aircraft, and leasing aircraft to over 40 domestic and international airlines and cargo operators.

During its tenure as a Guggenheim joint venture, GAP successfully managed two funds for Guggenheim’s clients totaling more than $5.3 billion in assets. Going forward, the business will operate under the name Altavair while continuing to manage and grow its current $3.4 billion commercial aircraft portfolio. With its experience in the aviation leasing market, Altavair also intends to raise additional permanent capital, which may include investments by Guggenheim clients, to support future growth thereby maintaining its position as a premier global aircraft leasing, financing, and management company.

“We are very appreciative of Guggenheim’s early and ongoing commitment which facilitated our many achievements. We are now excited to expand upon those successes as a stand-alone business,” said Steve Rimmer, Chief Executive Officer of Altavair. “We believe that our dedicated team coupled with our innovative approach uniquely positions Altavair to offer a full spectrum of financial solutions and investment opportunities to our clients and customers. We look forward to the road ahead.”

“It has been a pleasure working with Steve and Paul and their entire team for more than a decade to offer differentiated investment opportunities to our institutional clients,” commented Scott Minerd, Chairman of Investments and Global Chief Investment Officer of Guggenheim Partners. “We look forward to working with Altavair to identify high-quality commercial aviation investments opportunities for our clients in the future.”

For more information about Altavair, please visit www.altavair.com.


About Guggenheim Partners

Guggenheim Partners is a global investment and advisory firm with more than $240 billion1 in assets under management. Across our three primary businesses of investment management, investment banking, and insurance services, we have a track record of delivering results through innovative solutions. With 2,500 professionals based in more than 25 offices around the world, our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity. We invite you to learn more about our expertise and values by visiting GuggenheimPartners.com and following us on Twitter at twitter.com/guggenheimptnrs.

1Assets under management are as of 6.30.2016 and include consulting services for clients whose assets are valued at approximately $57bn.


Media Contact

Jason Ghassemi
Guggenheim Partners
212.378.6214
Jason.Ghassemi@guggenheimpartners.com



September 17, 2021

Justin Peagram to Join Guggenheim Securities Sustainability Investment Banking Practice

Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Justin Peagram will join the firm as a Senior Managing Director in its Sustainability Investment Banking practice and will focus on advising companies within the alternative energy and energy technology sectors.

Read More

September 16, 2021

Peter Moses Joins Guggenheim Securities to Expand Consumer and Retail Investment Banking Group

Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Peter “P.J.” Moses has joined the firm as a Senior Managing Director to expand its Consumer and Retail Investment Banking group.

Watch Video

September 15, 2021

Guggenheim Securities Expands Technology Investment Banking Practice With the Addition of Tyler Dewing in Boston

Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that it has expanded its Technology Investment Banking Practice with the addition of Tyler Dewing in Boston. Mr. Dewing joins the firm as a Senior Managing Director with a focus on covering growing software, payments, and data analytics companies.

Watch Video