Pareto Project Finance AS - secondary sale of shipping portfolio to Morgan Stanley Alternative Investment Partners

WR has assisted Pareto Project Finance (PPF) in connection with a secondary sale of Pareto World Wide Shipping AS' (PWWS) shipping portfolio to Morgan Stanley Alternative Investment Partners (Morgan Stanley AIP).

The transaction includes a restructuring of PWWS' portfolio. PWWS is a 2006 vintage fund with approximately $274 million in original commitments and 27 active investments. Morgan Stanley AIP's interest in the new structure and the purchase price are undisclosed.   

The WR team consisted of Lars Hinze, Sigurd Opedal (partner in charge), Anders Myklebust and Filip Truyen.

Pareto Project Finance AS is a Norwegian based specialist in the structuring, syndication and management of investments in the shipping, offshore and real estate sectors. PPF also offers abroad range of real asset investment funds within real estate, maritime sectors and private equity. Since 2006, PPF has raised $440 million across its maritime asset investment funds and syndicated $5.1 billion of total maritime transaction value across 50 projects and 170 vessels.  

Morgan Stanley Alternative Investment Partners, part of Morgan Stanley Investment Management, specializes in assisting investors achieve their goals through the design, integration and management of alternative investment programs. Morgan Stanley AIP’s investment teams have unique expertise in fund investing, secondaries and co‐investing across private equity, hedge fund, real estate and multi‐asset class strategies.

Press release