USTC-owner Torben Østergaard-Nielsen invests millions in a new shipping fund together with J. Lauritzen, Ecco, and former Axcel chief exec.
Marubeni Corp, which invested in Dee4 Capital’s first shipping fund, will not invest in its second. It has therefore been bought out of the company.
The new shipping fund will be ”many times larger” than the first fund, which recently delivered a massive payout for its investors.
Dee4 Capital Partners, chaired and co-founded by former Norden and BW Group CEO Carsten Mortensen, presents a large profit from private equity fund with its portfolio of product tankers. Investors receive major dividend payouts.
Dee4 Capital Partners, headed by former CEO of Norden and BW Group Carsten Mortensen, expands its fleet of product tankers, with Mortensen "optimistic" about the tanker market in 2022, he tells ShippingWatch.
The first fund is now fully invested following a new ship purchase and delivers a "sound" operating result in 2020.
