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Tuesday 22 October 2019

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Danish pension funds unite to establish maritime fund

Written by Natalie Tuck
09/10/19

Several Danish pension funds, along with Navigare Capital Partners, have united to establish a maritime fund.

Pension Denmark, Danica Pension, Doctors' Pension and Navigare Capital Partners are launching the Maritime Investment Fund II, and have committed to invest DKK 300m (€273m) in the fund.

It is the second fund in the series of maritime funds, which, with the pension funds’ capital, aims to build a diversified portfolio of maritime assets that are leased to operators on contracts of varying length to ensure long, stable cash flows.

The fund will be managed by Navigare Capital Partners; its managing partner, Henrik Ramskov, said he is pleased investors in the Maritime Investment Fund I continue to support the next fund.

“Our next investment fund will allow institutional investors to invest in a broad portfolio of maritime assets with long stable cash flows, as well as a focus on tight risk management, ” Ramskov added.

Pension Denmark CEO Torben Möger Pedersen said he looks forward to continuring the partnership with Navigaire Capital Partners.

Danica Pension investment director Anders Svennesen said he expects the investment in the fund to give its clients a reasonable return, as has been the case with the first fund.

“It is a strong and experienced team with broad competencies, and the currently attractive prices of both new and used vessels are among the main reasons why we see this as a good and long-term investment for our pension customers ”.



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