Bay Point Advisors has brought in Chris Miller and his team from Shearwater Global Capital to build a dedicated aviation finance arm, formalising a relationship that has developed over the better part of a decade.

The move adds aviation lending to the Bay Point’s niche credit strategy, which focuses on asset-backed deals in markets often avoided by mainstream lenders. The new vertical will target borrowers with high-value assets such as aircraft, but who fall outside conventional bank criteria, offering more flexible financing structures.

The two firms have previously worked together on deals, with Shearwater sourcing transactions and Bay Point providing capital, giving both sides confidence to integrate more closely.

“We have been working together for more than eight years now and have been discussing a formal relationship for about five years,” says Miller. “Bay Point has been one of my bigger financing partners since the start. It has access to broader pools of capital, so we will be able to offer a more competitive cost of capital while still doing pure asset-based deals.”

“We've done a lot of deals with Chris and finally decided it's best to get together,” adds Charles Andros, president and CIO of Bay Point. “Chris has spent 12 years building the relationships, the deal flow and the track record. We are excited to add him to the Bay Point team.”