Zenith Capital Invest in Mjølner’s Cargo Finance Unit

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  • Zenith Capital Partners invest in Mjølner Shipping’s Subsidiary and Sage Energy Partners.
  • The Investment aims at funding crude trading and product tankers.

Zenith Capital invested in a wholly-owned subsidiary of Mjølner Shipping that provides cargo finance, insurance, and hedging solutions for clients, reports New York Citybizlist.

Investment Insights

This investment builds upon Zenith Capital’s strong relationship with Mjølner Shipping, established in 2017 with the launch of Mjølner Solutions; a fund focused on trading crude and product tankers. The transaction closed in the third quarter.

Dean Fezza, Zenith Capital’s President & CEO, said, “We are excited about the growth prospects of Mjølner’s global shipping and integrated logistics service offering. We are seeing strong demand and Mjølner’s management team, led by R.J. Lyons, has an outstanding track record of delivering transparent, safe, and reliable solutions for their clients.”

Investment in the Energy Sector

Zenith Capital became a notable shareholder in Sage Energy Partners, a privately held, Houston-based energy brokerage company active in both physical and derivatives markets.

Sage Energy Partners has controlling ownership stakes in Sage Refined Products, Ltd., Liquidity Partners, L.P., and IVG Energy, Ltd. Products brokered include gasoline, blend stocks, distillates, jet fuel, NGLs, naphtha, olefins, ethanol, biodiesel, natural gas, environmental markets, and electricity. The transaction closed in the third quarter.

Earlier in October, Sage Energy Partners provided seed capital to newly formed Sage Tanker Partners to engage in commercial tanker management, vessel operations, and strategic brokerage. Sage Tanker Partners will have offices in Connecticut, Houston, and Singapore.

Zenith Capital Partners is based in New York City and focuses on the energy, commodities, and transportation sectors.

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Source: New York Citybizlist

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