Goldman buys $50m Capital slice

Goldman Sachs Asset Management has emerged as a major investor in Capital Product Partners with a stake worth over $50m.

Goldman Sachs today disclosed a holding of 5,850,422 units in the MLP, the latest in a long line of investments in such vehicles.

Its 5.6\% holding in the Evangelos Marinakis backed partnership is worth almost $52m based on its present trading price of $8.85 per unit.

Goldman Sachs joins Oaktree Capital and Kayne Anderson as blue chip stakeholders in the Nasdaq-quoted firm.

Marinakis holds 18\%, a stake which is today worth around $165m.

Goldman Sachs was one of the initial public offering (IPO) investors in Navios Maritine Midstream Partners and also bought into Teekay Offshore Partners at the end of last year.

It also holds interests in shipping MLPs including Golar LNG Partners, GasLog Partners, Hoegh LNG Partners and Dynagas Partners.

source:www.tradewindsnews.com