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About Hayfin

Since our formation in 2009, Hayfin has grown to become Europe’s leading alternative asset management platform. We have developed in a measured way to build transatlantic capabilities and establish a growing local presence in Asia.

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We provide critical debt, equity and hybrid capital solutions tailored to the European market. Our product suite is designed to address every financing need of non-investment grade borrowers, providing broad and flexible mandates. Covering both primary and secondary markets and providing financing across the spectrum from growth to stress or distress.
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Hayfin is pleased to announce that Sumitomo Mitsui Trust Bank, Limited (“SuMi TRUST Bank”), a leading Tokyo-headquartered bank, has invested in Hayfin’s Maritime Yield strategy, bringing total strategy commitments to over $620 million across the commingled fund and related separately managed accounts.

The investment is the latest addition to the c.$400m in capital commitments raised for the fund in 2023 and has taken Hayfin’s total deployment capacity significantly past $1bn when coupled with conservative debt financing.

This latest fundraising round is a further extension of Hayfin’s track record in the maritime sector, having invested in excess of $4 billion across various sectors – dry bulk, tankers, containers, LPG, and LNG. The firm has deployed capital into the sector through its private credit strategies, as well as the Maritime Yield strategy, which focuses on building a diversified asset-owning platform, generating long-term, stable income.

SuMi TRUST Bank’s commitment will directly support the development of sustainable maritime transportation through the Hayfin Maritime Yield strategy. The investment underlines the gaining momentum for decarbonisation of the shipping industry, both within local markets and globally. It will strengthen networks between the maritime industry and financial markets while developing a collaborative relationship with Hayfin’s Japan team.

Andreas Povlsen, Head of Maritime, commented: “We’re delighted to have secured this important commitment from SuMi TRUST Bank, underlining our lasting commitment to the Japanese market through our Maritime Yield strategy – not just investors, but also shipbuilders, operators, leasing companies and trading houses. Our maritime platform offers exposure to high-quality assets that help underpin global trade flows and is working to drive forward the decarbonisation of the global shipping sector, which is a proposition that increasingly resonates with institutions in Japan and elsewhere around the globe.”

Hayfin today announces that it has signed a contract with Oshima Shipbuilding and Sumisho Marine to construct two new-build 100,000-DWT Post-Panamax dry bulk carrier ships. The vessels, once constructed, will be deliver to an international energy trader on a long-term charter. The project will be funded through Hayfin’s Maritime Yield strategy and underlines the firm’s commitment to the Japanese shipping market, as both an asset-owner and long-term charter provider. The vessels will be managed by Hayfin’s in-house ship management platform, Greenheart Shipping.

The vessels will be constructed at Oshima Shipyard in the Nagasaki Prefecture of south-western Japan and completion is expected to take place within 2026. The vessels will be built to world-leading standards of quality and fuel efficiency, differentiating them from the majority of the current global Panamax fleet that is expected to be non-compliant with International Maritime Organisation sustainability regulations in three years’ time. With just two Japanese shipyards currently building Post-Panamax vessels, contributing to a historically low global orderbook, Hayfin was able to secure these two highly sought-after slots at one of the world’s leading dry bulk specialists through its longstanding relationships with key stakeholders in the Japanese market.

Andreas Povlsen, Head of Maritime at Hayfin, said: “This transaction is another sign of our firm commitment to the Japanese market and demonstrates the kind of attractive asset exposure we can offer to investors through our Maritime Yield strategy; combining fuel-efficient assets and long-term charters to investment-grade counterparties against a supportive long-term market backdrop with consistent tonne-mile growth and a fleet in urgent need of renewal.”

Hayfin recently announced a successful fundraise for its Maritime Yield strategy, equipping the firm with the capacity to acquire $1 billion in shipping assets through equity and debt financing, with a focus on top-specification assets that generate predictable and uncorrelated cash yields from blue-chip counterparties. Having been active in Japan since 2015, Hayfin also opened its Tokyo office last year, led by Tomohiro Hosogaya, the firm’s Head of Japan.