CarVal Investors is one of the companies to have changed the face of ship finance over the past decade. Founded in 1987 by Cargill, CarVal Investors is focused on distressed and credit-intensive assets and market inefficiencies. Today, CarVal Investors has $10bn in assets under management in corporate securities, loan portfolios, structured credit and hard assets and has proven to be one of the most active names in shipping private equity.
Watch below as Greg Belonogoff, a partner at CarVal Investors, explains why banks are leaving the shipping sector and how private equity is working to fill the gap.
Belonogoff was speaking at the Maritime CEO Forum held at the Monaco Yacht Club last week. The next forum is to be held in Hong Kong on November 18.
The Maritime CEO Forum in Monaco was sponsored by Arrow Shipbroking, Cambridge Academy of Transport, C Transport Maritime, Dualog, Liberian Registry, Lloyd’s Register, Marlink, PwC, and SeaQuest.