Legg Mason affiliate EnTrustPermal is launching an investment trust via a placing and offer for subscription, which will target $250m (£190m) of fund raising, for a direct lending strategy focussed on the global shipping industry's $80bn (£60.9bn) debt requirements.
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
