8 July 2009 - Press Release
Nordcapital places €105 million in the first 6 months of 2009
- Offshore shipping fund the strongest segment
- "Waldfonds 1” almost fully placed – "Waldfonds 2” in planning
- Further funds being placed in the areas of transport and energy
Hamburg, 8 July 2009. Nordcapital, the Hamburg-based finance initiator for closed-end investment funds, secured placements amounting to €105 million during the first six months of the 2009 financial year, compared to €107 the in the comparable period the previous year. It achieved its biggest success in offshore shipping funds, with approximately €70 million placed. Given the favourable market environment, it should be possible to achieve further attractive results in this segment.
"In the second half of the year, too, we’ll be concentrating on the subjects of transport and energy", says Rainer Seelheim, CEO of the Nordcapital group. The main area of interest will continue to be offshore. The existing fleet of platform supply ships is being added to by way of anchor handling tug supply vessels (AHTS). These specialist ships have all the equipment required to supply oil platforms and, in addition, reposition them.
Given the strong demand experienced over recent weeks, Nordcapital's first forest fund ("Waldfonds 1") is to be closed, with a volume of €60 million. The company's second forest fund ("Waldfonds 2") is currently at the preparation stage. In addition, currently being placed are the secondary market fund “Schiffsportfolio 6” and energy fund ("Nordcapital Energieversorgung 2"), which is designed to provide for investment in American energy supply infrastructure.