Davidson Kempner Capital Management LP, an institutional investment management firm, announced the launch of Ashland Place Finance LLC. Ashland Place is an institutional financing platform offering innovative capital solutions to the global commercial aerospace industry. The business will be led by Jennifer Villa Tennity, a veteran aircraft leasing and banking executive.

Ashland Place will be a wholly owned subsidiary of Davidson Kempner formed to provide sourcing and loan arrangements in the aviation space. Davidson Kempner has significant experience in commercial aviation industry investments and its new platform expands the firm's capabilities in the sector.

"I am thrilled to join Ashland Place during an expansive period of recovery for the commercial aviation industry," said Villa Tennity. "Ashland Place, with the support of Davidson Kempner, will be an important capital solution provider to airlines and aircraft investors alike."

Villa Tennity brings nearly 25 years of professional experience in the aviation leasing and lending space to Ashland Place. She most recently served as President of CIT's Aviation Lending business, providing aircraft-backed loans to the commercial aviation industry. Prior to serving as President of CIT's Aviation Lending business, Villa Tennity served as the Chief Risk Officer of its $22 billion Commercial Aerospace division until the business was sold to Avolon.