Hayfin Capital Management has acquired a 15-year-old capesize bulker as part of its $1bn investment project.

The UK-based alternative investment platform has been linked by brokers to the acquisition of the 179,200-dwt Athenian Phoenix (built 2009) from Greece’s Phoenix Energy Navigation for $23.5m.

Hayfin declined to comment on reports of the deal, which would boost its capesize fleet to three vessels, in addition to the 179,800-dwt GH Kahlo (built 2014) and 180,000-dwt GH Nightingale (built 2009).