Standard Chartered, one of the world´s biggest and oldest banks, is experiencing a growing interest among its customers to enter into shipping investments. Within Standard Chartered, equity invesments are handled by Standard Chartered Private Equity (SCPE). SCPE invests in companies in need of expansion capital or acquisition finance, and in management buyouts. SCPE focuses on companies whose principal operations and management are located in Asia, Africa or the Middle East, and since inception, it has invested 6 billion USD invested in over 100 companies.
Unlike capital funds and banks that focus exclusively on making investments in the maritime sector, until recently, shipping was not a core investment area for the SCPE team but this has changed over the past 12 months. , Gregory Karpinski, Managing Director, Private Equity, Energy, Resources & Infrastructure, tells ShippingWatch.