RE:Fund III
Think of it this way:
Fund III buys 100 airplanes, using investor money.
Chorus/Falko lease out those planes to airlines.
Chorus manages it. Makes sure the money gets paid, re-leases planes when airlines default or the lese terms end, some maintenance, etc
Chorus takes a fee (say 1-2%) for managing it.
It's a pretty simple business and the target retuns for investors are 'mid-teens', which sounds pretty damn compelling. So the Falko people need to get busy and drum up some interest.
The market likes this business model because it's just straight fees. You don't have debt on the planes and your costs are lower than the fees, so it's all profit with no leverage.