SevenSeas Investment Fund, a recently founded shipping investment vehicle, said on Monday it had secured backing from a private Swiss financial group held by the Esteve family.
Geneva-based Banque Heritage, which is said to be overseeing CHF 5bn ($5.06bn) of assets, has agreed to place SevenSeas units with its clients, the two outfits said in a joint statement.
The objective is to find investors willing to put their money in four to 10 year old bulk carriers through a SevenSeas sub-fund called 7Seas One.
