Qatar investors to invest in marine transportation by launching new PE fund

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.