Japan’s Sumitomo Mitsui Trust Bank (SuMi TRUST Bank) has invested in London-based Hayfin Capital Management’s Maritime Yield strategy, bringing total strategy commitments to over $620m across the commingled fund and related separately managed accounts.
The investment is the latest addition to the $400m in capital commitments raised for the fund in 2023 and has taken Hayfin’s total deployment capacity significantly past $1bn when coupled with conservative debt financing.
This latest fundraising round is a further extension of Hayfin’s track record in the maritime sector, having invested in excess of $4bn across various sectors – dry bulk, tankers, containers, LPG, and LNG. The firm has deployed capital into the sector through its private credit strategies, as well as the Maritime Yield strategy, which focuses on building a diversified asset-owning platform.
Andreas Povlsen (pictured), Hayfin’s head of maritime, commented: “Our maritime platform offers exposure to high-quality assets that help underpin global trade flows and is working to drive forward the decarbonisation of the global shipping sector, which is a proposition that increasingly resonates with institutions in Japan and elsewhere around the globe.”
