The Fund is expected to provide capital efficiency for insurance investors, and brings total capital raised for the Blue Ocean strategy to $7.6 billion.
NEW YORK, Sept. 9, 2026 /PRNewswire/ — Blue Ocean, a maritime finance investment platform managed by EnTrust Global, today announced the successful close of the fourth vintage of its rated notes insurance fund, Blue Ocean Income Fund IV. The Fund closed with $1.3 billion in commitments and is intended to offer insurance investors (primarily U.S. insurance investors) a more capital-efficient way to access the Blue Ocean strategy. The Fund’s notes were rated by a leading global rating agency.
The closing brings total capital raised across the strategy for Blue Ocean to $5.0 billion since 2023, and $7.6 billion since the strategy’s inception in 2017. The Fund has already begun deploying capital to a number of transactions.
Since its founding, Blue Ocean has built a consistent track record of capital formation and deployment in the maritime finance space, providing flexible, asset-backed financing solutions to shipowners and operators across major shipping segments. The strategy fills a structural funding gap created by the retreat of traditional bank lenders, which have pulled back from maritime lending since the Global Financial Crisis due to regulation and a strategic focus on the largest listed owners, leaving the small- and medium-sized shipowners that make up the vast majority of this industry underserved and dependent on alternative capital.
Gregg S. Hymowitz, Chairman and Chief Executive Officer of EnTrust Global: “Since the launch of our first Blue Ocean rated notes fund in 2018, we have seen interest in the strategy among insurance investors grow with each subsequent fund, and also through a number of other bespoke structures. Fund IV is our largest rated notes fund to date, and it includes significant commitments from insurance investors who are new to the Blue Ocean strategy, as well as investors who participated in prior vintages and have increased their commitments for Fund IV. Insurance investors, both in the U.S. and around the world, are an important part of our client base, and we are excited to continue to work on innovative structures and strategies to help meet their specific needs.”
Svein Engh, Blue Ocean Senior Managing Director and Portfolio Manager: “Our continuing success, both in terms of fund raising and capital deployment, is a reflection of what we have built at EnTrust Global. The Blue Ocean team today consists of 29 professionals globally1 and our ability to source and structure opportunities is what continues to set Blue Ocean apart. Furthermore, our strong track record over more than 9 years of investing, combined with the strong demand for capital in a capital-intensive industry, helps drive our strategy forward.”
As of June 30, 2026, the Blue Ocean strategy has deployed a total of $7.2 billion across 127 total investments since inception while returning approximately $3.5 billion of invested capital to investors during that period. This growth has been driven by a global team with deep maritime finance expertise and a disciplined approach to sourcing and structuring transactions across market cycles.
EnTrust Global manages capital for insurance investors in North America, Europe, the Middle East and Asia, with insurance company capital representing roughly 20% of EnTrust’s client base worldwide. In line with the firm’s entrepreneurial foundation, EnTrust remains dedicated to developing compelling and differentiated investment opportunities, including those specifically for insurance investors. EnTrust’s Insurance Solutions group, together with the firm’s investment and structuring teams, works closely with insurance investor clients to develop investment solutions that seek attractive risk-adjusted returns combined with a strong focus on capital efficiency, ratings considerations, and predictable cash flows.
About EnTrust Global
EnTrust Global is an alternative investment firm with approximately $17.8 billion in total assets and approximately 600 institutional clients worldwide, ranging from U.S. Taft-Hartley plans to Sovereign Wealth funds. Co-founded in 1997 by Chairman and Chief Executive Officer Gregg S. Hymowitz, the firm has dual headquarters in New York and London, with a network of 10 offices globally across key financial centers. EnTrust Global provides alternative investment opportunities across both private and public markets, with a focus on opportunistic credit and equity, as well as sector-specific strategies in maritime and sports, media, and entertainment, each of which is supported by a team of seasoned professionals. Separate from the Blue Ocean strategy, EnTrust Global’s maritime business also includes Purus, a maritime infrastructure company with a fleet of gas transport and offshore infrastructure vessels with a gross asset value of over $4.5 billion.
1 Number of professionals includes operating advisers/consultants retained to assist in the sourcing and/or monitoring of certain investments. Total Assets is as of June 30, 2026. Total Assets may be based on estimates and includes mandates awarded but not yet funded, capital commitments that have not yet been called, amounts distributed to investors and contractually subject to recall, a non-binding target mandate and assets where EnTrust Global provides non-discretionary investment advisory services. There is no guarantee that all or any portion of such mandates awarded or target mandates will ever be funded, nor that amounts distributed will be recalled and, if they are not, the Total Assets amount would be reduced accordingly. Total Assets does not include capital that can be called after the expiration of the investment period to fund fees and expenses or to add to an existing investment. The firm’s “Regulatory Assets Under Management” calculation differs from “Total Assets” and is reflected in the firm’s Form ADV, Part 2A (Item 4). A rating is an opinion of the relevant rating agency at a specific point of time and is subject to various limitations. It is not a guarantee of performance and is subject to change.
To learn more about EnTrust Global’s Blue Ocean strategy, please visit https://entrustglobal.com/blue-ocean-fund/
CONTACT: Logan Flynn | LFlynn@hstrategies.com
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SOURCE EnTrust Global
