BBAM has completed the final close of Incline Aviation III with more than $1.7 billion in total capital commitments, marking the third flagship aviation fund in the investment manager’s Incline platform. The fund received commitments from a mix of existing and new institutional investors.
Incline Aviation III will continue the investment strategy established by its predecessor funds, targeting opportunities throughout the commercial aviation market. Its investment mandate includes aircraft, engines and aviation-related credit opportunities.
The latest fund represents an increase in size compared with the previous generations of the strategy. Incline Aviation I raised $1.2 billion of commitments including affiliated co-investment, while Incline Aviation II secured $1.5 billion. BBAM brings nearly four decades of experience sourcing, acquiring, financing, and managing commercial aircraft globally.
Incline Aviation III has already begun deploying its capital. As of June 2026, investors had invested or committed more than $625 million in equity, representing about 37% of the final fund size.
BBAM is one of the world’s largest aircraft lessors, providing fleet and financing solutions to more than 100 airline customers across more than 50 countries. The firm has more than 500 aircraft under management and employs more than 150 aviation professionals across offices in Dallas, Dublin, Puerto Rico, San Francisco, Seoul, Singapore, Tokyo and Zurich. BBAM Announces Final Close of I…
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“We appreciate the confidence that both existing and new investors have placed in BBAM through Incline Aviation III. Our focus remains on deploying capital selectively into opportunities where our experience, scale and global aviation relationships can create meaningful value.”
Steve Zissis, President And Chief Executive Officer Of BBAM
