June 10, 2015 10:00 PM Eastern Daylight Time – MC-Seamax Shipping Opportunities Fund L.P. is positioned to be the pre-eminent fund focused on investing in the global container shipping sector.
STAMFORD, Conn.–(BUSINESS WIRE)–MC-Seamax Management Limited (“MC-Seamax”) announces the successful close of its first private-equity style fund, MC-Seamax Shipping Opportunities Fund, L.P., (“the Fund”), with commitments of $300 million from institutional investors in North America, Asia and Europe. The Fund is focused on investing in container shipping, providing creative outsourcing alternatives to vessel ownership by offering term leases on large, modern container vessels. MC-Seamax’s growing fleet is deployed in the main global trade lanes with the world’s top shipping lines and secured by multi-year charter contracts, generating stable earnings.
“We are very grateful to our investors for supporting MC-Seamax in our first fund.” said Cao Deambrosio and Ron Petrunoff, Managing Partners of MC-Seamax. “As a result, the Fund is well positioned to take advantage of current market opportunities in the container shipping sector. Global affiliates of MC Asset Management Holdings, LLC acted as placement agents for the Fund and we were very impressed by their market insight, investor relationships and commitment to our success.”
MC-Seamax originates transactions directly from shipping lines, ship owners and shipyards, and from institutional investors. A scarcity of traditional sources of capital, as well as changes in regulatory, tax and accounting rules impacting traditional equity providers, create an ideal investment environment. The Fund currently has a portfolio of six post-Panamax container vessels with a total carrying capacity of over 45,000 TEU which operate under medium term time charters (leases) to the worlds’ leading liner companies.
About MC-Seamax Management Limited:
MC-Seamax is an independent investment management firm which provides institutional investors with unique opportunities in the maritime sector, investing in long-lived, revenue generating, physical assets that are vital to global trade. Founded in 2012, the management team has more than 100 years of combined investment and operational experience with transportation-related assets such as container ships, tankers, bulk carriers, offshore, containers and maritime infrastructure.
MC-Seamax Management Limited