<article>Global alternative investment firm <a href="https://www.dealstreetasia.com/tag/Varde-Partners/">Värde Partners</a> and Landbridge VLCC International, a Hong Kong-based subsidiary of Chinese industrial company Landbridge Group, has announced a sale and lease back transaction of a very large crude carrier (VLCC).
The sale of the vessel, which is a modern, fuel-efficient tanker built in 2016, was arranged by Pareto Securities.</article>

Global alternative investment firm <a href="https://www.dealstreetasia.com/tag/Varde-Partners/">Värde Partners</a> and Landbridge VLCC International, a Hong Kong-based subsidiary of Chinese industrial company Landbridge Group, has announced a sale and lease back transaction of a very large crude carrier (VLCC).
The sale of the vessel, which is a modern, fuel-efficient tanker built in 2016, was arranged by Pareto Securities.
Following the deal, Landbridge will continue to operate the  Landbridge Prosperity vessel under a bareboat charter, before repurchasing the vessel at the conclusion of the charter period, as stated in a release.
Landbridge Group is a diversified multinational group of companies based in China, specialising in port infrastructure and logistics, oil and gas, shipping and petrochemical industries.
For the company, the transaction is a part of its scrubber retrofitting programme for its entire fleet, according to its CEO Vincent Lai.
Commenting on the deal, Värde Partners managing director Stephen Seymour said: “This transaction underscores our objective to become a leading provider of alternative finance to the sector by building long-term partnerships with reputable maritime companies and shipowners”.
Värde Partners is a $14-billion global alternative investment firm that employs a value-based approach to investing across a broad array of geographies, segments and asset types, including corporate credit, financial services, real estate, mortgages, energy, real assets and infrastructure.
The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients
It recently raised about $400 million for its first dedicated Asia Credit Fund, which will be invested across corporate credit, special situations lending and stressed and distressed real estate investments throughout Asia Pacific.
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Värde Partners inks cargo vessel sale & lease back deal with HK's Landbridge

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Värde Partners inks cargo vessel sale & lease back deal with HK's Landbridge

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