EnTrust Global’s Blue Ocean Funds to acquire Offshore Merchant Partners

EnTrust Global, a leading alternative asset management firm, today unveiled a significant development in the alternative investment landscape with its Blue Ocean Funds’ agreement to acquire Offshore Merchant Partners (OMP), a distinguished alternative investment fund manager in the maritime and energy industries. This landmark deal, sealed by a Sale and Purchase Agreement, is poised to close in the first quarter of 2024, marking a pivotal expansion for EnTrust Global.

Since its inception in 2013, Oslo-based OMP has adeptly deployed approximately USD 700 million across various financial instruments, including credit, leasing, and structured equity, catering specifically to the maritime transportation and energy service assets. This acquisition is a testament to the Blue Ocean strategy’s robust growth, which has effectively mobilized around $4 billion since its launch, highlighting a period of dynamic expansion and strong market performance.

The acquisition follows the Blue Ocean strategy’s successful fund-raising endeavors, amassing approximately $3 billion in its initial funds and surpassing $1 billion in the early phase of its second offering. This strategic move not only signifies EnTrust Global’s aggressive growth trajectory but also underscores its commitment to the maritime and energy sectors.

Svein Engh, Senior Managing Director and Portfolio Manager of the Blue Ocean Funds, reflected on the significance of this acquisition, noting it as a continuation of the team’s ability to execute substantial transactions. Similarly, Omer Donnerstein, Co-Portfolio Manager of the Blue Ocean Funds, emphasized the acquisition’s role in augmenting the team’s expertise and presence within the target industries.

Gregg S. Hymowitz, Chairman and CEO of EnTrust Global, attributed the success and growth of the Blue Ocean strategy to the firm’s focused approach and the cultivation of a strong team culture over the years.

This acquisition marks a strategic milestone for EnTrust Global, reinforcing its position in the alternative asset management space. By integrating OMP’s high-quality structured portfolio and skilled team, EnTrust Global is set to enhance its offerings in the maritime and energy sectors, aligning with its vision of fostering growth and innovation within these critical industries.