Navigare Capital Partners has secured a first close of nearly $350m for its third fund, Maritime Investment Fund III.

Earlier on Friday, it was announced that the Danish alternative investment fund manager has ordered another offshore wind vessel, a 2,000-dwt 85.5-loa commissioning service operation vessel (CSOV), from Fincantieri-owned Vard.

“The fund builds on the success of our two previous vintages, which have both delivered double-digit operating cash yields and exceeded the IRR [internal rate of return] target,” Navigare said in a post on LinkedIn.