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Napier Park Financial Partners

Overview

Napier Park Real Assets funds seek differentiated investment opportunities to generate attractive long-term returns, primarily by investing in cash-generating real assets with an emphasis on inflation resistant distributions and residual values. Each of Napier Park's Real Asset funds has been developed with a leading industry partner to benefit from specialized operating expertise while maintaining independent governance and a strong alignment of interests. To date, Napier Park Real Assets has organized and manages funds in railcar leasing and aircraft leasing. The railcar leasing fund, launched in May 2013 and deployed within one year, is a specialized private equity fund established as part of a joint venture with Trinity Industries Leasing Company, a wholly-owned subsidiary of Trinity Industries, Inc. (NYSE: TRN), among the largest US railcar manufacturers, and is closed to additional subscriptions. The aircraft leasing fund, which held a final closing in April 2015, is a specialized private equity fund established as part of a joint venture with Air Lease Corporation (NYSE: AL), among the largest aircraft lessors globally as measured by aircraft owned-or-ordered, and is also closed to additional subscriptions.

Strategy & Advantage

Napier Park Real Assets has capabilities and experience in providing innovative equity-oriented financial solutions for finance affiliates of real asset operators and manufacturers. Real Assets funds are strategically developed in partnership with industry leading operators and our global institutional limited partners to provide unique investment opportunities in portfolios of attractive inflation-resistant cash flow yielding hard assets. The Real Assets fund strategies are constructed purposely with the following characteristics:

Best-In-Class Operators

Partnership with best-in-class operators that have a durable structural edge in their respective asset class
– Typically operationally-intensive asset classes which require asset, leasing and servicing expertise

Attractive Unlevered Returns

Attractive Unlevered Returns
– Leverage is employed at the portfolio company and carefully structured to enhance returns while minimizing downside risk

Strong Economic Alignment

Structured to create strong economic alignment between the fund and our operating partners
– Among other protections, typically includes significant operating partner co-investment and performance-linked incentives

Partnership Approach

Commitment to a partnership approach with operators and investors
– Collaborative approach for determining fund objectives and parameters
– Shared governance between Napier and our operating partners

Our Portfolio

TRIP and RIV

TRIP and RIV, combined, own a diversified fleet of over 24,000 freight railcars and tank cars leased to customers principally in the industrial, chemical, agriculture and energy industries.  TRIP and RIV are jointly owned by the Napier Park Railcar Lease Fund LLC, a single purpose private equity fund created and managed by Napier Park Real Assets, and Trinity Industries Leasing Company, which also provides operating and related services for TRIP and RIV.

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Blackbird Capital I

Napier Park Global Capital has coinvested alongside Air Lease Corporation (“Air Lease”; NYSE: AL), one of the leading global lessors of commercial aircraft, to establish Blackbird Capital I LLC (“Blackbird Capital I”), a joint venture investing in leased aircraft. The equity capital and longā€term debt financing raised by Blackbird Capital I is expected to be deployed to acquire approximately $2.0 billion of commercial aircraft assets by the end of 2017.

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Team

Joseph Lane
Managing Director

Joe joined Napier Park Global Capital in 2015 and has over 35 years of experience in financial services. Prior to joining Napier Park, Joe held a number of executive roles in the commercial finance sector, including president and CEO of GATX Capital, CEO of GE Technology Finance; president of IBM Credit Corporation; and head of IBM Global Finance, one of the largest captive finance organizations globally. Joe also co-founded Sinter Partners, an investment and advisory partnership. In addition to several corporate boards, he currently serves on the board of the Inner City Foundation for Charity & Education and the Advisory Board of the South Bronx Educational Foundation. He is an Associate Fellow of Davenport College at Yale University.

He has been a director, vice chairman and chairman of the Equipment Leasing and Finance Association (ELFA), and a trustee and chairman of the Equipment Leasing and Finance Foundation.

Joe received a Bachelor of Arts degree from Yale University, where he continues to be actively involved with the Yale Entrepreneurial Institute.

Jared Keating
Director

Jared joined the Financial Partners team in 2012. Prior to this, Jared was an Associate at Lazard Frères & Co in New York, focusing on mergers & acquisitions and restructuring assignments, principally in the financial services sector. Jared also worked at Eurazeo in Paris and at Camulos Capital in London, where he was responsible for investments in private equity and distressed opportunities. Jared received an AB from Princeton University and a Masters in International Affairs, cum laude, from l’Institut d’études politiques de Paris (Sciences Po).

Current Investments: RCS Holdings, TRIP Rail Holdings and RIV 2013 Holdings (Observer), Blackbird Capital I

Ross Sylvester
Associate

Ross joined the Financial Partners team in 2016. Previously, Ross was an Investment Banking Associate in the Financial Institutions Group at Macquarie Capital, focusing primarily on specialty finance mergers & acquisitions and joint venture formations. Ross received a BA and BS from Duke University.

Joseph Lane
Managing Director
Ross Sylvester
Associate
Jared Keating
Director

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