Fund: Sankaty High Yield Partners II
Investment: Two loans, total of $3.8 million, valued at $2 million
The aeronautics company is famous for its sleek, single-pilot turbine and jet engine planes. It started as a division of Raytheon, the defense contractor, before it was spun off in 2007. The company, which was owned by private equity backers, filed for bankruptcy in May and a Chinese airplane manufacturer, Superior Aviation Beijing, has offered to buy its business jet and general aviation divisions, not the defense division.