AIF Capital is pleased to announce the investment of US$20 million by AIF Capital Fund IV in PT Trust Line Marine (“Trust”), an integrated marine logistic, offshore support, infrastructure and service company in Indonesia with a proven track record of over a decade.
Trust has an established domestic bulk commodities shipping business and offshore oil & gas (“O&G”) services contracts for Offshore Support Vessels. The company has a fleet of 40 vessels, including 37 tugs and barges for domestic shipping and an offshore utility tug, an assist tug and an anchor handling tug supply vessel, serving the offshore O&G industry.
Growth plan of Trust will focus on developing its O&G activities to become an integrated domestic service provider, capturing the growth potential due to the cabotage requirements in Indonesia.
About AIF Capital
AIF Capital (www.aifcapital.com) is one of Asia’s long-standing independent private equity firms and is focused on mid-market growth opportunities in emerging Asia. The Firm has an established track record of over 19 years in implementing a pan-regional strategy of identifying and growing companies as well as steering them through multiple major economic cycles.
Since its inception in 1994, AIF Capital has received investor commitments in excess of US$2.0 billion and provided capital for expansion and buy-outs through 40 investments in nine Asian countries. Its team of 20 investment professionals across its offices in Hong Kong, Beijing, New Delhi and Singapore oversees a diversified pan-Asian portfolio of investments across various sectors. These include healthcare & pharmaceuticals, supply chain management, equipment leasing & logistics, consumer, bereavement care services, financial services and industrial manufacturing.
Limited partners in AIF Capital-managed funds include major corporate and government pension and investment funds, insurance companies, financial institutions, as well as multilateral agencies and family offices from North America, Australia, Asia, the Middle East and Europe.
For further questions, please contact Peter Amour or Doris Ng at +852-2912-7888 or email inquiries to email@example.com