Private equity’s Oaktree Capital has found yet another way to play in the shipping sector with a newly launched business as an alternative lender to small- and medium-sized owners.
Longstanding Oaktree business ally Petros Pappas is the key partner in the venture, which will be known as Meerbaum Capital Solutions.
Two banking veterans already working in Pappas’ Oceanbulk companies — Martin Hugger and Hamish Norton — will steer the alliance.
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