Deucalion Aviation Funds, DVB Bank's aviation investment management business, was established in 2001. It now manages more than 130 aircraft. A major milestone was in February 2015, when Deucalion closed its debut asset-backed securities (ABS) transaction, raising $667 million. The ABS supported a portfolio sale of 20 mostly Airbus aircraft, on lease to 13 operators. DVB remained the servicer of the aircraft. The deal supported the equity sale of 90% of the portfolio to an undisclosed private equity fund.
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