EnTrust Global's Blue Ocean Records $2.1B Deployment in 2024-2025 Deals

EnTrust Global's Blue Ocean platform, a maritime finance investment platform, has had a record year with over $2.1 billion deployed across 20 transactions in 2024 and Q1 2025. Notable deals include a $391 million secured debt issuance with SEACOR Marine, a $350 million senior secured financing for Rocktree Group, and the largest equity deal and first public company take-private with Belships ASA. The platform has invested approximately $6 billion since launching in 2017 and has completed its 100th transaction.

EnTrust Global's maritime finance investment platform, Blue Ocean, has had a remarkable year, deploying over $2.1 billion across 20 transactions in 2024 and Q1 2025. This significant achievement includes notable deals such as a $391 million secured debt issuance with SEACOR Marine Holdings Inc., a $350 million senior secured financing for Rocktree Group, and the largest equity deal and first public company take-private with Belships ASA. The platform's performance is a testament to its strategic positioning in the maritime finance sector.

The Blue Ocean platform, managed by EnTrust Global, a leading alternative asset management firm, has been instrumental in providing timely and comprehensive financing solutions throughout the capital structure. In 2024, Blue Ocean completed its 100th transaction since the strategy’s inception, further solidifying its position as a market leader for alternative financing in the maritime industry. As of March 31, 2025, Blue Ocean has already deployed approximately $838 million across six transactions this year. In aggregate, the strategy has now invested approximately $6 billion since launching in 2017.

Gregg S. Hymowitz, Chairman and Chief Executive Officer of EnTrust Global, commented on the platform’s success, stating, “These transactions and record growth reflect a major milestone in Blue Ocean’s reputation as a dependable strategic financing partner for borrowers and other investors. Thanks to our global network and relationships, the strategy has already outperformed expectations for capital deployment in Q1 2025.”

SEACOR Marine Holdings Inc., a public company providing global marine and support transportation services to offshore energy facilities, received a $391 million secured debt issuance. The proceeds were used to refinance all existing indebtedness and partly finance the construction of two multi-purpose platform supply vessels. Belships ASA, specializing in owning and operating dry bulk carriers, secured a $350 million senior secured financing to support its logistics and management solutions. Rocktree Group, a leading infrastructure service provider, received up to $350 million senior secured financing to support its acquisition of a complementary logistics company and provide dry powder for additional growth.

Svein Engh, Blue Ocean Senior Managing Director and Portfolio Manager, attributes the platform's success to its network of professionals with decades of industry experience and specialized expertise. This allows Blue Ocean to directly source most of its transactions and build genuine, lasting relationships with customers across various sectors.

EnTrust Global, founded in 1997, manages assets for over 600 institutional investors and provides alternative investment solutions through commingled funds and customized funds-of-one. The firm focuses on opportunistic credit, maritime finance, energy transition, and sports, media, and entertainment strategies. With 11 offices worldwide, EnTrust Global is headquartered in New York and London.

References:
[1] https://finance.yahoo.com/news/entrust-global-blue-ocean-marks-173300619.html
[2] https://www.businesswire.com/news/home/20250603668840/en/EnTrust-Globals-Blue-Ocean-Marks-Record-Year-with-SEACOR-Marine-Belships-ASA-and-Rocktree-Group-Deals