A unit of giant shipping investment fund Oaktree Capital Management and Australia's Macquarie Bank have teamed up to expand their vessel financing operations.
The bank has arranged securitisation underlying loans for Oaktree affiliate Fleetscape Capital.
The loans are being used for sale-and-leaseback transactions and unitranche deals, according to global law firm Watson Farley & Williams (WFW), which advised Macquarie.
