First closing of Dee4 Capital Fund II K/S
We are pleased and proud to announce the first closing of Dee4 Capital Fund II K/S (“Fund II”). Fund II is first-closed with commitments of $92 million from 18 external investors and the Dee4 executive management team. Any subsequent closings of Fund II will take place before March 2025. We are extremely grateful for the continued commitment and trust from both existing and new investors and will work continuously to make good investments on their behalf.
Dee4 Capital Partners
Two major investors in Fund II, S41 ApS and J.Lauritzen A/S, both of whom have been highly supportive of Dee4 since the outset, have acquired minority stakes of 10.1% each in the management company, Dee4 Capital Partners ApS (“Dee4”). This follows the sale of Marubeni’s 25% shareholding at the end of 2023 and results in the executive management team owning a total of 79.8% of Dee4.
This strategic transaction cements the position of the management company going forward.
Dee4 Capital Fund I K/S (“Fund I”) returns
One asset remains in Fund I, Dee4 Larch. Options for her will be worked through over the coming months, including a potential sale. The estimated Fund I net return to investors after all costs is approximately 26% annual IRR since inception in 2019. In addition, Dee4 continues to manage seven modern eco medium-range tankers.
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.
