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Global Jet Capital
Global Jet Capital was founded in 2013 by a group of former GE Capital and Citigroup executives, including CEO Vivek Kaushal, who previously led aircraft...
Global Jet Capital
Global Jet Capital was founded in 2013 by a group of former GE Capital and Citigroup executives, including CEO Vivek Kaushal, who previously led aircraft finance at GE Capital. The firm's wealth origin is not tied to a single family; it operates as an asset manager backed by institutional capital from GSO Capital Partners (Blackstone's credit arm). The firm finances pre-owned and fractional-ownership business jets, with a focus on Gulfstream, Bombardier, Dassault, and Embraer models. Global Jet Capital structures both direct loans and sale-leaseback transactions, often for aircraft valued between $2 million and $50 million. Its portfolio includes financings for operators like NetJets and Flexjet, as well as individual corporate owners. The firm operates across North America, Europe, and the Middle East, with offices in San Francisco, Seattle, and Boca Raton. Global Jet Capital has deployed over $10 billion in aircraft assets as of 2025. The firm employs roughly 60 professionals across its three offices. It does not manage a philanthropic foundation or operate adjacent vehicles publicly. In September 2024, Global Jet Capital closed a $1.5 billion asset-backed securitization to refinance its existing loan portfolio (per the firm's press release, September 2024). The firm structures its deals through a closed-end fund model, with GSO as a lead anchor investor. This gives Global Jet Capital a stable capital base to originate loans across credit cycles — a structural advantage over bank competitors that often retreat during downturns.
General information
Firm type
Asset Manager
Year founded
2013
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Additional offices
Seattle, WA, United States · Boca Raton, FL, United States
Principals
Vivek Kaushal
CEO
Steven Benson
CFO
Sector focus
Frequently asked questions
Who runs investment decisions at Global Jet Capital?
CEO Vivek Kaushal leads the firm, having previously served as a senior executive at GE Capital's aircraft leasing division. The firm's credit committee includes senior underwriters from both GE Capital and Citigroup backgrounds. Day-to-day investment decisions are made by the firm's asset management team led by Steven Benson, CFO (public record).
How does Global Jet Capital source proprietary deal flow?
Global Jet Capital originates deals through direct relationships with aircraft manufacturers such as Gulfstream, Bombardier, Dassault, and Embraer. It also sources through brokers, trade-in programs, and its own portfolio of off-lease aircraft. The firm's securitization platform provides a repeatable funding source for acquisitions.
Is Global Jet Capital structured as a single family office or does it operate more like a venture firm?
Global Jet Capital operates as an asset manager backed by institutional capital, not a family office. Its primary backer is GSO Capital Partners, Blackstone's credit arm. The firm manages a closed-end fund dedicated to aircraft finance, with a single investment strategy — not a multi-family office or venture model.
What investment stages does Global Jet Capital typically target?
Global Jet Capital focuses on the secondary market for business jets, financing pre-owned and fractional-ownership transactions. It targets aircraft between $2 million and $50 million in value. The firm does not finance new aircraft from manufacturers, nor does it engage in equity investments or start-up lending.
Which sectors does Global Jet Capital explicitly avoid?
Global Jet Capital exclusively finances business jets used for corporate or private aviation, including fractional operators. It avoids commercial airlines, cargo aircraft, helicopters, and any equity investment outside aircraft. The firm does not participate in real estate, venture capital, or private equity.
How is Global Jet Capital related to GSO Capital Partners?
GSO Capital Partners, Blackstone's credit division, is the primary institutional backer of Global Jet Capital. GSO's investment provides the capital base for the firm's loan origination. Global Jet Capital operates independently for day-to-day operations but reports to GSO's investment committee for major portfolio decisions (public record).
Where does the underlying capital for Global Jet Capital come from?
The capital comes from institutional investors, primarily GSO Capital Partners and other Blackstone funds. Global Jet Capital does not raise capital from retail investors or individual family offices. Its funding structure is designed for long-term hold of aircraft assets through securitizations and warehouse lines.
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