German lender MM Warburg is expanding into the private debt market with the launch of a $150m shipping credit fund.
Ship finance veterans Christian Speer and Jens Dose, who co-manage the Hamburg-based shipping desk, believe the move will help raise the bank’s profile and enable “more and bigger transactions to come”.
The privately owned bank has hired senior professionals from the German fund management sector to form the team that will run the Luxembourg-based credit fund.
