Alternative property monitoring company EnTrust Global stated Wednesday that it has actually finished fundraising for its EnTrust Global Blue Ocean Funds for financial investment in the worldwide maritime sector. The Funds shut at $2.1 billion after increasing $925 million because April of 2020.
Part of EnTrust Global’s exclusive financial debt and also actual property department, the Blue Ocean Funds take part in straight borrowing and also comparable funding chances to vessel proprietors and also drivers and also various other maritime services.
“We continue to see strong demand for our debt capital solutions from clients around the world, and we have continued to deploy capital efficiently to our select customer base while also successfully maintaining the quality of our existing portfolio throughout a very tough time period as a consequence of COVID-19,” stated Svein Engh, Senior Managing Director and also Portfolio Manager of the Blue Ocean Funds.
“To have raised $2.1 billion in a vertical as specific as the maritime industry speaks to our team’s expertise and demonstrated success since the inception of the Blue Ocean Funds,” stated Gregg S. Hymowitz, Chairman and also Chief Executive Officer of EnTrustGlobal “We are grateful for the strong support from our investors during a volatile market as the economy has navigated the pandemic these last six months. As evidenced by the growth of our platform, and the addition of Julian Proctor earlier this year to lead a new, environmentally-focused shipping initiative, we continue to believe there are compelling opportunities in the maritime industry and in real assets in general.”
Julian Proctor, that with Engh heads EnTrust’s brand-new campaign concentrating on environmentally-advanced vessels, included, “Vessel owners and their customers and end-users are increasingly focused on the impact of the shipping industry on the environment, and especially on carbon emissions, but there is inadequate financing for the industry to move to cleaner, more advanced technology. I am excited to lead EnTrust’s initiative to create financing solutions for vessel owners that will help transition the shipping industry to a more sustainable future.”
