GIC invests in EQT-backed Nordic Aviation Capital.

GIC, Singapore’s sovereign wealth fund, acquired a minority stake in EQT-backed Nordic Aviation Capital, leading regional aircraft lessor. The transaction will be executed by an affiliate of GIC. Financial terms were not disclosed. “EQT VI is excited to welcome GIC as a long-term investor and a strategic partner given their significant aviation leasing experience. With the investment from GIC, NAC will be able to further enhance its growth journey by cementing its market position as the world’s largest regional aircraft lessor,” Morten Hummelmose, EQT Partners Partner and EQT VI Investment Advisor.