Nesec has raised €250m for its first Dutch shipping debt fund.

The manager said the newly launched Nesec Shipping Debt Fund (NSDF) – which has the support of the Dutch government – received capital commitments from NWB Bank and the Province of Groningen.

The fund also received capital backing from NN Investment Partners and Waterland Investment Services clients.

Nesec said the cooperation of these parties means that the NSDF is now fully funded and open for credit applications from shipowners.

NSDF targets a diversified portfolio of shipping loans, both newbuilding, secondhand ships and modifications.

The manager said it expects to create further debt funds aimed at the maritime and offshore assets as well as renewable energy assets.