A new shipping fund hopes to entice investors of all stripes, promising a combination of debt-free, capital-protected acquisitions producing steady dividend streams.
SevenSeas Investment Fund is the brainchild of its chief executive Prokopios "Akis" Tsirigakis and chief operating officer Stefanos Michalis.
The two men are conducting the first fundraising rounds for their Luxembourg-registered venture. They are expecting to tap investors for about $20m by the middle of this month, with up to $80m to follow.
