In January 2021, Sole Shipping Special Opportunities Fund III has closed on USD 177 million of committed capital. The investor base of the Fund comprising a number of European and US based Pension Funds, Family Offices and Individuals.
The Fund is domiciled in Jersey, Channel Islands. It will owns both ocean-going vessels and oil-service vessels via Cypriot and Maltese companies. The term of the Fund is 8 years as from the final closing date, with an investment period of 4 years.
Deal sizes may vary from USD10 million to USD200 million with co-investment opportunities, where possible, from its Limited Partners and third party capital.