Buss Capital Releases 2013 Performance Record
In 2013 Buss Capital raises approximately 57 million Euros with container funds and container direct investments / Disbursements for all current funds are on target for the reporting year / Regulation of the sector is the theme...
Hamburg. Buss Capital has released its 2013 performance record. Against the background of the changes occurring due to regulations in the sector this year’s motto is “evolution”. The year of upheaval – with good results for Buss Capital: With two container funds and eight container direct investments the initiator raised approximately 57 million Euros of equity capital, and thus, came in just under the previous year’s results of 59 million Euros. The 16 current Buss funds issued disbursements on schedule – a total of 30 million Euros. Investors received an average of 6.7 percent on their equity contributions. Ten funds (eight container funds and two cruise funds) were in the sales or liquidation phase during the reporting year. At present they will also attain positive overall results for investors.
As a whole, 2013 was characterized by a series of structural changes. The regulation of closed-end funds and the associated adjustment to the new regulatory framework has kept the entire industry very busy, and thus, defined the theme for Buss Capital’s 2013 performance record: Evolution. „We consider the reporting year, and naturally, the current year as the beginning of a new era for the entire sector. A necessary development in which we have begun to lay the groundwork for our future”, says Marc Nagel, Managing Director of Buss Capital.
Buss Capitals internal developments in 2013 also fit to the performance record’s theme: For instance, the initiator and asset manager succeeded in securitizing the joint container portfolio of the Global Container Funds 9, 10, and 11. This enabled the management company of the three Buss funds to reduce the effective interest by approximately 0.6 percentage points. Approximately 8,300 investors now profit from this. In the reporting year Buss Capital expanded its product range by adding tank container direct investments, thus offering access to an additional high-growth container market. “For us container direct investments are the ideal complement to closed-end funds. Not least due to the fact that they made an appreciable contribution to our 2013 results. We will issue our next offer at the start of the fourth quarter 2014. At the same time, we are working on our first AIF”, adds Mar Nagel. Buss Capital will start the AIF at the end of the year or the beginning of next year and will also be represented in the market with closed-end funds, but in accordance with the new regulations.
Info Buss CapitalBuss Capital is a container financier and issuing house that focuses on shipping, logistics, and real estate. To date, Buss Capital has issued 45 funds and direct investments in which approximately 28,500 investors have invested roughly 900 million Euros. The investment volume totals 2.3 billion Euros. Buss Capital is headquartered in Hamburg and has a subsidiary in Singapore. The issuing house is part of the Hamburg Buss Group founded in 1920 and is a member of bsi Bundesverband Sachwerte und Investmentvermögen e. V.
Head of Corporate Communications
Buss Capital GmbH & Co. KG
Am Sandtorkai 48
Phone: 040 3198-1628
Fax: 040 3198-1648