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MAI to Invest in Ship Investment Fund Managed by Navigare Capital Partners

Mitsui & Co. Alternative Investments Limited (“MAI”, President and CEO: Takateru Mitsui) has decided to participate in Maritime Investment Fund III K/S (“MIF III”), a maritime investment fund established and operated by Navigare Capital Partners A/S (“Navigare”, Head Office: Copenhagen, Denmark), through an intermediate company, together with Mitsui & Co., Ltd. (“Mitsui”), a wholly owning parent company of MAI.

Navigare was established in 2017 by Robert Maersk Uggla, the Chairman of A.P. Moller Maersk A/S, one of the world’s largest shipping, logistics, and infrastructure companies, and four well known executives in the shipping industry as partners to join the company. Navigare has since formed and operated two maritime investment funds. Accumulated operating assets have reached approximately USD 2 billion, and Navigare has built up an excellent investment track record in a diverse range of maritime assets through the effective utilization of its large global shipping network.

MIF III, its third fund, is expected to invest in maritime assets totaling about USD 1.5 billion (approximately JPY 230 billion). With a focus on environmentally friendly vessels for stable and sustainable maritime transportation, it plans to invest in offshore vessels, gas carriers, container vessels, car carriers, tankers, and bulk carriers.

In the international shipping industry, it is expected that tighter environmental regulations and the diversification and increasing complexity of vessel types will give rise to a greater demand for diversified shipping asset management business. While connecting its networks in the vessel/shipping industries with the domestic financial market in order to maximize profits of MIF III, MAI and Mitsui will promote maritime asset management business together with Navigare, meeting the diverse international maritime needs and contributing to building a foundation for securing stable and sustainable supply in society.

Since its establishment in 2001 as a wholly owned financial subsidiary of Mitsui, MAI has discovered and created various alternative investment solutions. Currently, one of MAIʼs missions is to “pursue the realization of a sustainable and prosperous society through engaging in alternative investments.”

While promoting responsible investment as a UN PRI signatory in the investment management department, departments in securities business will also continue to create and provide investment opportunities that contribute to the resolution of environmental and social issues
Source: Mitsui & Co. Alternative Investments Limited

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