EnTrust Global, one of the world’s largest hedge fund investors and a leading alternative asset manager headquartered in New York and London, has surpassed USD1.1 billion in investment capital raised for its Blue Ocean Strategy.
The majority of Blue Ocean’s capital has already been deployed, largely in senior secured loans, as well as junior loans and preferred equity transactions.
Led by maritime financing veteran and Blue Ocean Senior Managing Director & Portfolio Manager Svein Engh, Blue Ocean now employs a dedicated team of six experienced maritime investment professionals.
Gregg S. Hymowitz, Chairman and CEO of EnTrust Global, says: “Achieving this important milestone is a testament to the success of our Blue Ocean direct lending strategy and team, and to the commitment of our global investors around the world.”
“We are off to an excellent start for our maritime lending strategy,” adds Svein Engh. “Most of our loan transactions have been sourced directly to long standing clients of the team and we have deployed capital across multiple sectors. We have found the market very receptive to our strategy, and our ability to execute transactions timely and predictably has allowed us to close on and develop what we believe is a strong pipeline of investment opportunities. We look forward to continuing to grow the business and we are currently working on our third fund raise which is planned for later this year.”
