Ares Management Corporation and aviation industry veterans, including Bob Brown, Sean Sullivan and Will Hudson, announced the launch of Vmo Aircraft Leasing L.P. (“Vmo”), a newly-formed company to acquire and lease commercial aircraft. Funds managed by Ares’ Private Equity Group and Vmo management have committed approximately $500 million in initial equity capital to support Vmo, which will target a global and diversified portfolio of modern, next-generation and efficient commercial aircraft. Vmo will be led by seasoned industry executives, including Bob Brown, Sean Sullivan and Will Hudson, and will be supported by a team of 11 other professionals. Mr. Brown will initially serve as the company’s Chief Executive Officer, transitioning to Executive Chairman over the next 12 months, and brings over 30 years of experience in all facets of the aircraft leasing industry. Most recently, he served as Chief Executive Officer of Vx Capital Partners, where he was responsible for transaction origination, capital sourcing and asset management. Prior to co-founding Vx Capital Partners, Mr. Brown was an Executive Vice President at Pegasus Aviation, where he was responsible for aircraft financings.