MC-Seamax closes maiden shipping fund at $300m
MC-Seamax Managagement, the US-based GP backed by Japanese conglomerate Mitsubishi, has reached a $300 million close on its maiden fund intended to take advantage of depressed prices in the global shipping industry.
The close is less than half of the $750 million the GP had been looking to raise when is announced the fund in 2013. Commitments came from institutional investors across North America, Asia and Europe....
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