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ECO V Summary
- Acquiring Tankers, Dry Bulk, and Offshore Service Vessels
- Target Equity Raise $250M+
- Target Net MOIC 2x+
- Target Net IRR 20%
Information above is a brief summary of certain principal terms of the offering and is qualified in their entirety by the more detailed information appearing in the confidential Offering Documents, which investors are encouraged to read in its entirety. An investor should rely, on its own investigations and on its own tax, legal and financial advisors.
ECO IV Summary
- Capital Deployed ($183M)
- Acquired 2 Offshore Service Vessels (OSVs)
| ECO IV Vessels | Build Year | Category | Active / Fully Realized |
|---|---|---|---|
| Energy Sphynx | 2021 | 150T Crane Offshore Construction Vessel | Active |
| Energy Savanah | 2021 | 150T Crane Offshore Construction Vessel | Fully Realized |
ECO III Summary
- Capital Deployed ($50M)
- Acquired 2 Chemical Tankers (All Stainless)
| ECO III Vessels | Build Year | DWT | Active / Fully Realized |
|---|---|---|---|
| Easterly Eagle | 2010 | 25,391 | Active |
| Easterly Birdie | 2009 | 25,399 | Active |
ECO II Summary
- Capital Deployed ($80M)
- Acquired 4 Chemical Tankers (All Coated)
| ECO II Vessels | Build Year | DWT | Active / Fully Realized |
|---|---|---|---|
| Easterly Sirius | 2010 | 36,677 | Fully Realized |
| Easterly Jupiter | 2009 | 36,667 | Active |
| Easterly Canyon | 2009 | 36,667 | Fully Realized |
| Easterly Symphony | 2009 | 36,667 | Fully Realized |
ECO I Summary
- Capital Deployed ($81M)
- Acquired 7 Chemical Tankers (4 Stainless + 3 Coated)
| ECO I Vessels | Build Year | DWT | Active / Fully Realized |
|---|---|---|---|
| Easterly Lime Galaxy | 2008 | 19,992 | Fully Realized |
| Easterly Beech Galaxy | 2007 | 19,998 | Fully Realized |
| Easterly AS Olivia | 2007 | 19,981 | Fully Realized |
| Easterly AS Omaria | 2007 | 19,974 | Fully Realized |
| Easterly Hawk | 2008 | 25,385 | Fully Realized |
| Easterly Falcon | 2009 | 25,418 | Fully Realized |
| Easterly Osprey | 2009 | 25,431 | Fully Realized |
ECO I, II, III, IV were formally referred to as Tranche I, II, III, IV
Information shown reflects assets of each tranche at time of closing.
In the News
Easterly Clear Ocean Tranche I Delivers Strong Investor Returns Following Strategic Exit of Remaining Vessels
Easterly Clear Ocean today announced the successful exit of all vessels in its inaugural investment fund, ECO Tranche I.
Easterly Clear Ocean Announces Launch of ECO V and Close of Tranche IV
Easterly Clear Ocean today announced the launch of its fifth investment fund, ECO Fleet Holdings V LP (ECO V), and the successful close of its fourth tranche, Easterly Fleet Holdings IV LLC (Tranche IV).
Easterly Clear Ocean Announces Sale of Three Chemical Tankers and Capitalizes on Maritime Market Opportunity
Since its inception in September 2021, Easterly Clear Ocean Tranche I has returned 2.73x net to investors and aims to continue delivering dividends as its remaining fleet maintains significant existing useful life.
Easterly Maritime Logistics Equity Partners Rebrands as Easterly Clear Ocean
The rebranding underscores Easterly’s commitment to showcasing its carefully curated, high-performing investment teams, with no impact on the ownership structure or the day-to-day strategic operations of the company.
Easterly’s Maritime Investment Company Acquires Two Additional Chemical Tankers
Easterly MLEP acquires two more vessels, cementing their position as one of the largest western fleets of chemical tankers in the world.
Easterly’s Maritime Investment Company Acquires Four Additional Tankers
Easterly’s Maritime Investment Company has acquired four additional vessels through Easterly MLEP’s second chemical tanker investment tranche, bringing Easterly Clear Ocean’s fleet to 11 ships.
Easterly’s Maritime Investment Company Acquires Additional Tankers
Maritime Logistics Equity Partners (MLEP) Tranche just purchased three more ships, bringing its fleet to seven chemical tankers.
Important Information
This website shall not be used or considered as an offer to sell, or a solicitation of an offer to buy, any security. Any such offering may be made only by the applicable Tranche’s confidential private placement memorandum (the “Memorandum”) and the definitive provisions provided for in the limited partnership agreement, subscription agreement and other operating documents of the Tranche, each of which will be made available to potential investors, and which should be read carefully by potential investors and their advisors. The discussion herein is qualified in its entirety by reference to the detailed information, including the substantial risks associated with an investment in an Easterly Clear Ocean investment vehicle, which will appear in the Memorandum and other definitive documents.
An investment in an Easterly Clear Ocean investment vehicle is illiquid, speculative and involves a high degree of risk and is suitable only for sophisticated investors who can bear substantial investment losses. A prospective investor should review carefully the section of the Memorandum, when available, entitled “risk factors” and should consider such risks in their entirety and should consult with its legal and tax advisors. No assurance can be given that the investment objectives of Easterly Clear Ocean will be achieved or that an investor will receive a return of all or part of his, her or its investment, and investment results may vary substantially over any given time period.
The Distribution data for investments set forth herein is for informational purposes only. It has not been audited or otherwise verified by any outside party. The past performance of the investment programs managed or controlled by Easterly Clear Ocean may not be indicative of the results that Easterly Clear Ocean may be able to achieve in the future. Distributions are not guaranteed.
Units of the Easterly Clear Ocean funds described herein, when and if offered, will not be registered under the Securities Act of 1933, as amended (the “1933 Act”) or any state or foreign securities laws, and the Units will be offered and sold only to persons that are “accredited investors” (as defined in Regulation D under the 1933 Act). The Units will be subject to certain restrictions on transferability and resale contained in the applicable governing documents. The Units have not been approved or disapproved by the securities and exchange commission or any other state or foreign securities regulator. It is anticipated that each fund will be exempt from the registration requirements of the Investment Company Act, and investors will not be entitled to the protections of such Act.
Past performance is no guarantee of future results.
Securities offered through Easterly Securities, LLC, member FINRA/SIPC.
The contents of this summary were not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding U.S. Federal tax penalties that may be imposed on the taxpayer. Such contents were written to support the promotion or marketing of the transactions or matters addressed by this memorandum. Each taxpayer should seek advice based upon the taxpayer’s particular circumstances from an independent tax adviser. The foregoing language is intended to satisfy the requirements under the regulations in section 10.35 of Treasury Department circular 230.