Is CSL required to invest in the Hongkou Fund in order to unlock access to bareboat financing?
– Our preference would be to minimize CSL’s capital commitments in the context of this model (ie. no such investment)
– However, there may be value to investing in the Hongkou Fund if that (minor) investment creates a defensive position for CSL, limiting the access to competing lessors / prospective lessees to Hongkou capital. Is this the case?