ERA Partners
Campbell Lutyens advised ERA Partners on a $485 million single-asset continuation vehicle, including follow-on capital, to support the aerial wildland firefighting and heavy lift companies within American Aviation Holdings (“AAH”).
The continuation fund will provide additional capital to the underlying companies within AAH to support their continued growth strategies, expand their fleet, and increase their presence in both domestic and international markets. Underscored by the quality of these essential assets, Campbell Lutyens delivered a substantially oversubscribed outcome, securing commitments from secondary investors and new institutional investors who have the potential to be long-term franchise supporters.
This secondary transaction allowed Campbell Lutyens to drive synergies for the client, with the transaction marking the first exit for the manager. This enabled existing LPs to lock in strong realised returns and increase the selling fund’s DPI alongside ERA Partners’ concurrent primary fundraise.
Founded in 2018, ERA Partners (formerly AIMPERA) is a leading middle-market, value-add infrastructure investor managing $1.3 billion in assets under management across its funds ((as of November 2025).
To learn more about our market-leading capabilities in the secondary infrastructure market, please contact Clay McCoy or cl-InfraSecondaries@campbell-lutyens.com.
