FundRock Management Company, a European third-party UCITS Management Company (ManCo) and Alternative Investment Fund Manager (AIFM), has supported the launch of NRP Maritime Asset Management’s (NRP MAM) Premium Maritime Credit Fund.
FundRock Management Company, a European third-party UCITS Management Company (ManCo) and Alternative Investment Fund Manager (AIFM), has supported the launch of NRP Maritime Asset Management’s (NRP MAM) Premium Maritime Credit Fund.
FundRock will act as AIFM and deliver FX services to the Fund via Apex Group subsidiary EDB. As part of its multiple responsibilities for the Fund, FundRock will cover key functions such as Risk Management, Portfolio Management and will be ultimately responsible for Valuation and AIFMD reporting (Annex IV). FundRock will also be in charge of the passporting registration and Distribution Oversight of the Fund in Europe and will act as Corporate Secretary.
Premium Maritime Credit Fund, a Luxembourg based RAIF reached first close in January 2022, raising USD110 million from significant European institutional investors and family offices. NRP MAM is targeting its next closing at a target of USD200 million before the end of the year.
The Fund is backed by investments from the European Investment Fund (part of the European Investment Bank), Oslo Pensjonsforsikring AS and funds managed on behalf of the Greater London Authority in addition to several Norwegian maritime and non-maritime family offices.
