Premium Maritime Credit Fund (“PMCF“) is a Luxembourg domiciled RAIF established to capitalise on the increasing funding gap created by the traditional senior lending banks retracting from the industry. A gap created due to regulatory constraints, enabling the fund to achieve high single digit returns on 1st priority asset-backed lending towards smaller but high-quality shipowners in a liquid market with solid downside protection.
Basel regulations require maritime industry banks to hold significantly more regulatory capital and consequently European banks have drastically reduced their shipping exposure since 2010. With the implementation of Basel IV the availability of traditional bank financing is expected to continue its decline and the cost of loans will go up as equity requirements for banks increase.
Exposure to asset-backed lending to quality shipowners
We are an asset focused lender and consequently structure each loan to be sustainable though changing marked environments. With robust asset coverage and by being downside focused we aim to provide our investors favourable risk adjusted returns.