Dee4 Capital Fund I K/S (“Fund I”)
In June 2024, we sold Dee4 Larch (2016-built MR product tanker under Danish flag) which completes the sale of all vessels from Fund I. Fund I will be liquidated over the coming months. The estimated final net return to Fund I investors after all costs is approximately 26% annual IRR since inception in 2019.
Dee4 Capital Fund II K/S (“Fund II”)
In June 2024 we drew approximately 22% of first closing committed capital for Fund II for the acquisition of Dee4 Larch from Fund I. The vessel has been chartered to Weco Tankers A/S for three years from June 2024, which serves to de-risk the investment for Fund II. Debt financing for the transaction was provided at 50% loan-to-value by Mizuho Marubeni Leasing Corporation, who were the previous lenders to Dee4 Larch.
Final closing for Fund II is before 20 March 2025.
Additional information:
Carsten Mortensen, Dee4 Capital – Pnefgra.Zbegrafra@Qrr4Pncvgny.pbz
Freddie Lee, Dee4 Capital – Serqqvr.Yrr@Qrr4Pncvgny.pbz
Jens Christensen, Dee4 Capital – Wraf.Puevfgrafra@Qrr4Pncvgny.pbz
About Dee4 Capital
Dee4 Capital is a Danish private equity firm investing in shipping, transport & logistics, energy, offshore and infrastructure founded by Carsten Mortensen and Freddie Lee in 2019. The current fleet list is available at www.dee4capital.com/portfolio.
