Portfolio Management
An increasing number of banks and financiers became active in the yacht financing sector over the past decade. These activities were usually carried out by dedicated yacht finance teams, staffed by experienced people with good networks in the market.
Since the credit crunch, however, many banks and financiers have withdrawn from yacht financing to focus on their home markets and core products. In many cases, the dedicated yacht finance teams have been dissolved.
Nonetheless, these yacht financing banks had already built up portfolios of yacht loans that involve contracts spanning several years. Over this period it is vital that the yacht loan portfolio is properly managed and maintained. And now that they no longer have the specific understanding of the marine market, many banks and financiers are struggling to manage this portion of their loan book.
Ciris Capital carries out dedicated portfolio management for third parties. We have the experience both in portfolio management and yacht financing. And we have the knowledge and networks in the leisure marine industry required to be able to provide specific know-how to banks that care about portfolio management.
If you are interested in this dedicated service, call +31 30 697 0865 for more information and a confidential discussion.
