MC-Seamax Management Ltd. said Wednesday it closed its first private equity fund with $300 million in commitments. MC-Seamax Shipping Opportunities Fund LP will invest in container shipping. MC-Seamax Management Ltd., based in Stamford, Connecticut, is a joint venture between Seamax Partners LLC and MC Asset Management Holdings LLC, a subsidiary of Mitsubishi Corp.
STAMFORD, Conn.–(BUSINESS WIRE)–MC-Seamax Management Limited (“MC-Seamax”) announces the successful close of its first private-equity 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.
MC-Seamax Management Limited (“MC-Seamax”) based in Stamford, CT, is a joint venture between Seamax Partners LLC and MC Asset Management Holdings, LLC, a subsidiary of Mitsubishi Corporation. MC-Seamax is an alternative investment management firm that focuses on the maritime sector, investing in long-lived, revenue generating, physical assets that are vital to global trade. MC-Seamax was founded in 2012 by a management team with over 100 years of combined experience in commercial, financial and technical vessel operations.