Provide investors with access to long-lived, cash-generating, essential-use transportation and industrial equipment assets

Reliable current income, long-term capital appreciation and positive correlation to rates and inflation


Best-in-class partners with durable, structural edges

Investors benefit from access to high-quality asset servicing with minimal fixed costs. Operating partners gain access to long-dated, non-dilutive and non-threatening capital


Alignment of interests and downside mitigation through creative investment structuring

Focus on governance, operating partner economic participation and appropriate incentive structures to enhance the quality of investors’ returns

Real Assets

Seeking cash generating, essential-use transportation and industrial assets, our strategy aims to benefit investors with current cash yield while preserving appreciable upside.

Operating Partners

Trinity Industries, Inc.

Railcar Leasing Programs

Leading North American manufacturer and lessor of freight railcars

Air Lease Corp.

Early-life Aircraft Leasing Program

Leading global aircraft lessor

AAR Corp.


Late-life Aircraft Investment Program

Leading independent global provider of aviation parts and services

Heritage Global Partners

Industrial Equipment Liquidation Program

leading auction, liquidation and asset advisory firm

Real Assets Investment Team


Manu Rana

Partner, Co-Head of Private Investments
Manu Rana joined Citigroup’s alternative investment arm, Citi Capital Advisors (“CCA”), a predecessor to Napier Park Global Capital (“Napier Park”) in 2007. Manu was among the founding partners of Napier Park when it separated from CCA, in February 2013. Prior to joining CCA, Manu was a Managing Director of Old Lane, where he led negotiated investments in financial services businesses. Manu joined Old Lane from Lazard Alternative Investments, where he was a Managing Director of the firm and a Principal of Lazard Technology Partners. At Lazard, Manu was responsible for equity and debt investments in financial- and related business, as well as information services investments. Manu started at Lazard in 1994, initially in its financial institutions investment banking group and, from 2000 on, he worked at Lazard Alternative Investments. Prior to Lazard, Manu was a member of A.T. Kearney’s financial institutions practice. Manu received a BA from Columbia University.

Current Investments: Bluefin Payments, Kasisto

Realized Investments: Evalueserve, Georgia Commerce, HealthEquity, Reval, Softgate/Tio

Select Past Investments: Beecher Carlson, FNX, Marketing Technology Solutions, Princeton eCom

Joseph Lane

Vice Chairman, Chairman of Management Committee
Joe is the Vice Chairman of Napier Park Global Capital, Chairman of the firm’s Management Committee and a Managing Director of the Real Assets strategy.  Joe joined Napier Park in 2015 and has over 40 years of experience in financial services. He has held a number of executive roles in the commercial finance sector, including president and CEO of GATX Capital; CEO of GE Technology Finance; president of IBM Credit Corporation, group executive of IBM Global Financing, and senior vice president of IBM Corporation. Joe currently serves on several corporate and philanthropic boards, and has served on boards in North America, Europe and Asia.

He has been a director, vice chairman and chairman of the Equipment Leasing and Finance Association (ELFA), and a trustee and chairman of the Equipment Leasing and Finance Foundation. In 2015 he was elected by the ELFA to the Equipment Finance Hall of Fame.

 Joe received a Bachelor of Arts degree from Yale University, and is an Associate Fellow of Davenport College at Yale.

Jared Keating

Managing Director
Jared joined Napier Park in 2012 and helps lead the firm’s investments in Real Assets across the transportation and equipment sectors, including responsibility for Napier Park’s aircraft and railcar leasing programs. Jared is based in London. Prior to this, Jared focused on mergers & acquisitions and restructuring assignments at Lazard Frères & Co in New York, principally in the financial services sector. Jared also worked at Eurazeo in Paris and at Camulos Capital in London, where he was responsible for investments in private equity and distressed opportunities. Jared received an AB from Princeton University and a Masters in International Affairs, cum laude, from Institut d’études politiques de Paris.

Christopher Sparrow

Chris joined Napier Park in 2019, based in London, and focuses on its Real Assets investments in the transportation and equipment sectors. Previously, Chris was a Vice President at DVB Bank, working in the aviation principal investment team, where he was responsible for origination, underwriting and financing of the funds’ investments in physical aircraft and engine assets, interacting directly with LPs, finance providers and airlines. Prior to joining DVB, Chris was an Equity Research Analyst at Numis Securities, focusing on the aerospace and engineering sectors. Chris received an MPhil from Cambridge University, an MA from Edinburgh University and a Diploma in Physics from The Open University. He also holds an EASA Airline Transport Pilot License with over 2,500 hours on the Airbus 320 family of aircraft.

Ross Sylvester

Vice President
Ross joined Napier Park in 2016, based in New York, and has 8 years of financial services experience. At Napier, Ross focuses on the sourcing, underwriting and financing of the firm’s Real Assets investments in the transportation and equipment sectors. Prior to joining Napier Park, Ross was an investment banker in the Financial Institutions Group at Macquarie Capital, where he focused on the execution of specialty finance mergers & acquisitions and joint venture formations, including Napier Park’s railcar leasing and early-life aircraft investment programs. Ross received a BA in Mathematics and BS in Economics from Duke University.

Griffin Keeler

Griffin joined Napier Park in 2017 and focuses on its Real Assets investments in the transportation and equipment sectors. Prior to joining Napier Park, Griffin was an Associate at The Carlyle Group, where he was responsible for investment analysis and monitoring in the Metropolitan Real Estate group. Griffin began his career at Centerbridge Partners, focusing on valuation of the firm’s investment portfolio. Griffin received a BS from Boston College with majors in Chemistry and Economics, and is a CFA charterholder.