#Japan #Tokyo #Mercuria Holdings #Airborne Capital #Aircraft Fund

Launch of the New Open-Ended Aircraft Fund

On January 15, 2026, Mercuria Holdings, through its subsidiary Mercuria Investment Company (MIC), in partnership with the Ireland-based aviation asset management firm Airborne Capital Limited (ACL), announced the launch of a new open-ended aircraft fund, referred to as Mach OE. The first closing of this fund was successfully completed on April 30, with the Development Bank of Japan participating as an anchor investor.

Mercuria Investment Group operates with the mission of "transforming Japan today through the power of funds." Since establishing their first aircraft fund in 2017, MIC has continuously invested even during the COVID-19 pandemic, accumulating valuable expertise and experience in the aircraft investment sector. Through their partnership with ACL, which manages approximately 50 aircraft worth about 230 billion yen across more than 20 countries, MIC aims to meet the demand for alternative investments from their clients.

Following the successful initial closing of Mach OE, several aircraft investment projects are already in progress, with the first investment anticipated to be executed this summer. The fund is expected to attract additional investors, aiming for a final asset scale of around 150 billion yen. As previously announced in a notification dated January 15, 2026, MIC and ACL have completed a strategic business alliance contract with Daiwa Kanpo Alternative Investments (DKAI), a group company of Daiwa Securities Group. This alliance will enable DKAI and its parent company, Daiwa Asset Management, to participate in the initiatives of Mach OE and provide access to aircraft investment opportunities for institutional investors. By leveraging the Daiwa Securities Group's extensive network, the companies will aim to deliver new value through an open-ended aircraft leasing strategy to a broad range of clients.

According to Mercuria Holdings' forecast for consolidated performance this fiscal year, the expected management fees from the formation of Mach OE have already been factored in. In the medium term, in addition to management fees, the company anticipates receiving performance-based success fees based on the fund's operational results.

Company Overviews

Mercuria Investment Company

• - Name: Mercuria Investment Company
• - Headquarters: 1-3-3 Uchisaiwaicho, Chiyoda City, Tokyo, Japan
• - Business: Fund management and self-investment
• - CEO: Toshihiro Toyoshima
• - Website: mercuria.jp

Airborne Capital Limited

• - Name: Airborne Capital Limited
• - Headquarters: 5th Floor The Exchange, George’s Dock, IFSC, Dublin 1, Ireland
• - Business: Formation and management of aircraft leasing projects, advisory services related to aviation
• - CEO: Ramki Sundaram
• - Website: airborne.capital

Daiwa Asset Management

• - Name: Daiwa Asset Management
• - Headquarters: 1-9-1 Marunouchi, Chiyoda City, Tokyo, Japan
• - Business: Investment management, investment advisory and agent business, second-class financial instruments business
• - CEO: Kei Sano
• - Website: daiwa-am.co.jp

Daiwa Kanpo Alternative Investments

• - Name: Daiwa Kanpo Alternative Investments
• - Headquarters: 3-2-1 Nishi-Kanda, Chiyoda City, Tokyo, Japan
• - Business: Investment management, investment advisory and agent business, first and second-class financial instruments business
• - CEO: Atsushi Katayama
• - Website: daiwajpi-ai.com

Contact Information

For inquiries related to this announcement:

• - Mercuria Holdings: Business Planning Department 03-3500-9870
• - Airborne Capital Limited: +44 203 178 68 68 / [email protected]
• - Daiwa Asset Management: Investment Advisory Sales Department 03-5555-4879 / [email protected]
• - Daiwa Kanpo Alternative Investments: Strategic Planning Department 03-6361-0472