MPC Capital and Storm Capital Management Launch New Shipping Investment Platform
German asset manager MPC Capital has partnered with Norwegian investor Morten Astrup’s Storm Capital Management to establish a new shipping investment platform, named MPC Storm Maritime Opportunities (MSO). The initiative commenced with a successful first close of $35 million, marking a significant entry into the maritime investment sector. The platform aims to attract over $70 million in total commitments, backed by a select group of experienced maritime investors.
MSO is designed to invest across various shipping segments, including dry bulk, tankers, containers, and offshore shipping. The platform will focus on modern second-hand tonnage, with investments ranging from spot market trading to long-term chartered assets. Ownership stakes are anticipated to fall between 20% and 50%, supported by conservative financing structures. This strategic approach aims to capitalize on diverse opportunities within the maritime industry.
Strategic Vision and Investor Commitment
Morten Astrup, founder of Storm Capital, expressed enthusiasm about the new platform, stating that it provides a scalable foundation for shipping investments throughout market cycles. He emphasized the importance of having a solid platform for his investments, which he believes MSO offers. Astrup highlighted MPC Capital’s reputation as a reliable maritime industrial partner, suggesting that their collaboration will create a unique platform to seize attractive investment opportunities.
Constantin Baack, CEO of MPC Capital, reinforced the significance of this partnership, noting that it builds on the company’s extensive experience in structuring maritime investments alongside industrial partners. Baack stated that MSO represents a step forward in institutionalizing and scaling their investment approach. The platform is designed to grow by attracting additional investors and expanding its asset pipeline.
The initial close was supported by a consortium of maritime investors, including Klaveness Marine, Portline, and Uthalden. Both MPC Capital and Astrup have also made substantial co-investments alongside external backers. MSO is targeting a net internal rate of return of approximately 15% per year, with running yields dependent on the asset structure. Currently, the platform operates as a private partnership, with plans to transition to a Luxembourg-regulated vehicle at the second close.
Future Prospects for MSO
The establishment of MSO signals a proactive approach to maritime investment, with a clear focus on modern shipping assets. By targeting a diverse range of shipping segments, the platform aims to leverage market fluctuations and capitalize on emerging opportunities. The collaboration between MPC Capital and Storm Capital Management is expected to enhance the platform’s credibility and attract further investment.
As the maritime industry continues to evolve, MSO is well-positioned to adapt and thrive. The commitment from seasoned investors and the strategic vision of its founders suggest a promising future for the platform. With a robust framework in place, MSO is set to navigate the complexities of the shipping market, aiming for sustainable growth and attractive returns for its investors.
