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Oaktree fund joins forces with Australian bank to finance smaller ships

Fleetscape, a unit under equity fund Oaktree, has joined forces with a major Australian bank to offer alternative financing to small and medium-sized ships. At first the fund has made arrangements for eight ships.

Photo: Vivek Prakash/Reuters/Ritzau Scanpix

Fleetscape Capital Holdings, owned by US-based equity fund Oaktree, joins forces with Australian bank Macquarie Group to offer financing for small and medium-sized ships, says the company in a press release.

Fleetscape describes itself as an alternative source of financing for the maritime sector.

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