Shipping loans platform

Sep 2016: KKR and a SWF will invest in a $1.5bn pool of loans that are performing and NPL sold by Nord LB and secured by 100 ships. The platform will be made available for other shipping loan banks to sell their loans. The terms have been kept secret.

Details here

Shipping loan banks have been in distress and so have sought to offload their loans (see article here)