MC-Seamax Closes Initial Fund with $300 Million in Commitments

Jun 11 2015 | 2:03am ET

MC-Seamax Management, an alternative investment firm specializing in the maritime sector, announced the successful close of its first private-equity fund, MC-Seamax Shipping Opportunities Fund.

The fund received commitments of $300 million from institutional investors in North America, Asia and Europe. It is focused on investing in container shipping, and 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 that generate 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. The Fund currently has a portfolio of six post-Panamax container vessels with a total carrying capacity of more than 45,000 TEU, which operate under medium term time charters (leases) to the worlds’ leading liner companies.

MC-Seamax is a joint venture between Seamax Partners and MC Asset Management Holdings, a subsidiary of Mitsubishi Corporation. MC-Seamax was founded in 2012.

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