Professional Documents
Culture Documents
Index
GoldenBridge
Finance Group
Securities
Savings
Bank
Capital
Asset
Management
Company
Date of Establishment
9 Feb, 1999
C.E.O
Jakap Koo
Capital
KRW 10 billion
Employee
36 Employees
AUM
Specialty
Portfolio
Real Estate
: 609 mil
7%
Shipping
: 266 mil
Other A.I.
: 149 mil
16%
22%
55%
Total
Established USD 266 mil AUM in shipping finance within 1~2 years!
4
Ship Type
Investment
Amount
Term
Target Rate
Investment Type
Capesize Bulker
20 mil
5 yrs
10.8%
BBCHP
10.8 mil
10 yrs
9%
BBCHP
215.2 mil
(Contract640mil)
5 yrs
12~15%
Equity
Panamax Bulker
20 mil
10 yrs
9.8%
BBCHP
Enter firstly into the market right after confirming the bottom of the industry in mid 2009
Successfully generating minimum 9% to expected 15% in IRR basis
Offered various types of Investment : Dept type, Hybrid type and Pure Equity type
Efficiently managing the owned vessels by outsourcing Shipping Service Companies
* Various Source of Investors : Insurance companies, Savings Banks, Pensions
& other Institutional Investors!
6
Fund Structures
Structure 1: Debt Type Financing
Golden
GB-Blue
Marine
Fund
Bridge
AMC
Vessels
Seller
Institutional
Investors
GB-Blue
Marine
Fund
Bridge
AMC
Junior Loan
From the Fund
Principal&
Interest
SPC
(Buyer/
Owner)
Contracted
price
Chartering
Income
Principal&
Interest
Investment Trust
Fund Management
Investment Trust
Fund Management
Golden
Principal&
Profit
Vessels
Senior
Seller
Bank
Senior Loan
from the bank
Contracted
price
BBCHP
Shipping related
Services
Equity Investment
By Charterer
Equity investment
From the Fund
SPC
Charterer
Principal&
Interest
(Buyer/
Owner)
Chartering
Income
Time Charter
Contract
Charterer
Senior
Bank
Senior Loan
from the bank
Service
Contract
Shipping
Service
Company
Institutional
Investors
Recent Trend: Hybrid & Equity types like BlueMarineFund 3 currently launched
Case 1. Asiapacific SIC 16th set up mid 2010.
: 57K, Bulker
: 82K, Bulker * 4
: 56K, Bulker * 2
: Bulkers
Starting from 2H 2009, Equity type Funds launched for the purpose of an asset play.
Among Korean investors, Shipping Finance considered as not only pursuing Capital gain, but also
generating consistent & stable Cash Flow.
More Korean Institutional investors start to look at Shipping finance as their Major Alternative
investment Vehicle.
Due to the short history of Equity type investment, Success story needed to facilitate more
investors to come on board.
As asset price appreciates, some Investors preferred more risk adverse investment, such as Debt
type finance.
9
Providing various structures for Different Investors Needs & Market Cycles
Soft
Market
Flat
Market
possible
Generating Fixed Interest
over 5 to 10 years
Principal is guaranteed
Participating Bond Issuance is
possible
Hard
Market
Charter contract
Outsourcing shipping related
businesses
10
11
. Closing Remarks
12
Over the past 5years, Real Estate investment is the major alternative investment
among Korean institutional investors.
Golden Bridge AMC eager to provide Financial solutions for both investors and
shipping companies.
13
14