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Other Disclosures7347Mercuria Holdings Co.,Ltd.Financials (excluding banks)

Open-ended aircraft fund completes initial closing

MACHOE, L.P., the open-ended aircraft fund announced in January 2026, completed its first close on 30 April 2026 with Development Bank of Japan Inc. as its anchor investor. The fund will now begin investing in aircraft and seek participation from additional investors.

Worth reading
71In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1500
¥100 million (target ultimate investment asset size)
Wording
Conditional
How definitive the wording is.

Announced details

MACHOE, L.P. (MACH OE, an open-ended aircraft fund)
Applicable field (uses covered by this announcement)

Aircraft investment and aircraft leasing

Launch dateThe first aircraft investment is expected to be executed in summer 2026 (planned)
Contract DateCompleted execution of the strategic business alliance agreement announced on 15 January 2026 (specific agreement date: not disclosed)
What the company reported numerically
Usage history

Aircraft leasing assets managed by Airborne Capital Limited: approximately 50 aircraft across more than 20 countries worldwide (as of: not disclosed)

Relationship between the counterparty and the company
Mercuria Holdings Co.,Ltd.7347
Relationship with the Company

株式会社マーキュリアインベストメント is a subsidiary of Mercuria Holdings Co.,Ltd. 株式会社マーキュリアインベストメント and Airborne Capital Limited jointly established and manage the fund. 株式会社マーキュリアインベストメント and Airborne Capital Limited entered into a strategic business alliance agreement with Daiwa KANPO Alternative Investments Co., Ltd. Daiwa Asset Management Co., Ltd. and Daiwa KANPO Alternative Investments Co., Ltd. are participating in the fund initiative.

CounterpartyDevelopment Bank of Japan Inc., Airborne Capital Limited, Daiwa Asset Management Co., Ltd., Daiwa KANPO Alternative Investments Co., Ltd.

Development Bank of Japan Inc. is the anchor investor. Airborne Capital Limited is an aircraft asset management company headquartered in Ireland that structures and manages aircraft leasing transactions and provides aircraft-related advisory services. Daiwa Asset Management Co., Ltd. engages in investment management, investment advisory and agency services, and Type II Financial Instruments Business. Daiwa KANPO Alternative Investments Co., Ltd. engages in investment management, investment advisory and agency services, and Type I and Type II Financial Instruments Business.

Location (as indicated in this announcement)

Airborne Capital Limited:5th Floor The Exchange George’s Dock IFSC Dublin 1 Ireland

Airborne Capital Limited manages approximately 50 aircraft leasing assets across more than 20 countries worldwide, with a total value of approximately ¥230 billion.
Impact on Business Performance

Management fees expected from the fund formation have already been factored into the consolidated earnings forecast for the current fiscal year. Over the medium term, the Company expects to earn performance fees in addition to management fees, based on investment performance.

The company does not address Contract Value / Offering price.

Announced details
ItemDetails
Names of Products / Services CoveredMACHOE, L.P. (MACH OE, an open-ended aircraft fund)
CounterpartyDevelopment Bank of Japan Inc., Airborne Capital Limited, Daiwa Asset Management Co., Ltd., Daiwa KANPO Alternative Investments Co., Ltd.
Counterparty overviewDevelopment Bank of Japan Inc. is the anchor investor. Airborne Capital Limited is an aircraft asset management company headquartered in Ireland that structures and manages aircraft leasing transactions and provides aircraft-related advisory services. Daiwa Asset Management Co., Ltd. engages in investment management, investment advisory and agency services, and Type II Financial Instruments Business. Daiwa KANPO Alternative Investments Co., Ltd. engages in investment management, investment advisory and agency services, and Type I and Type II Financial Instruments Business.
Relationship with the Company株式会社マーキュリアインベストメント is a subsidiary of Mercuria Holdings Co.,Ltd. 株式会社マーキュリアインベストメント and Airborne Capital Limited jointly established and manage the fund. 株式会社マーキュリアインベストメント and Airborne Capital Limited entered into a strategic business alliance agreement with Daiwa KANPO Alternative Investments Co., Ltd. Daiwa Asset Management Co., Ltd. and Daiwa KANPO Alternative Investments Co., Ltd. are participating in the fund initiative.
Contract DateCompleted execution of the strategic business alliance agreement announced on 15 January 2026 (specific agreement date: not disclosed)
Launch dateThe first aircraft investment is expected to be executed in summer 2026 (planned)
Applicable areaAircraft investment and aircraft leasing
LocationAirborne Capital Limited:5th Floor The Exchange George’s Dock IFSC Dublin 1 Ireland
Location scaleAirborne Capital Limited manages approximately 50 aircraft leasing assets across more than 20 countries worldwide, with a total value of approximately ¥230 billion.
Usage historyAircraft leasing assets managed by Airborne Capital Limited: approximately 50 aircraft across more than 20 countries worldwide (as of: not disclosed)
Impact on Business PerformanceManagement fees expected from the fund formation have already been factored into the consolidated earnings forecast for the current fiscal year. Over the medium term, the Company expects to earn performance fees in addition to management fees, based on investment performance.
Items this document does not state (7)
Contract ValueOffering priceAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Development Bank of Japan Inc. joined as the anchor investor. The fund will leverage collaboration among the respective asset management companies and the Daiwa Securities Group's network to provide institutional investors and others with opportunities to invest in aircraft.

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Open-ended aircraft fund completes initial closing | Mercuria Holdings Co.,Ltd. (7347) timely disclosure | Komori