QInvest, a Qatari investment Bank, and Fortis Bank Nederland are in advanced stages of launching a Sharia'a compliant mezzanine Fund targeting financing opportunities in the marine transportation industry, the companies have announced.
The proposed Fund aims to raise $200 million and will target mezzanine investment opportunities in deep sea vessels. The Fund has an average life of 5 years and seeks to benefit from the down cycle of the shipping industry through an extended investment period of around 18 months.
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