Rotterdam Port Fund underlines NIBC’s entrepreneurial spirit
The Rotterdam Port Fund is an independent closed-end investment fund aimed at fast-growing, innovative companies that contribute to the development of the port sector.
NIBC teamed up with the Port of Rotterdam, InnovationQuarter, the regional development company for the Zuid-Holland province, Rotterdam entrepreneurs Peter Goedvolk and Luc Braams, and family-owned holding company Royal Doeksen to set up the fund at the end of 2016.
The fund aims to build a portfolio of 10-15 innovative, sustainable, port-related companies, primarily in the Netherlands, Belgium and Germany, while delivering optimal returns for its investors. It is managed by Bastiaan van der Knaap, Fund Manager of the Rotterdam Port Fund and Frans van der Harst, Director of NIBC.
NIBC took the lead in setting up the Rotterdam Port Fund, streamlining the process of structuring the investment fund and providing Fund services going forward. This included providing a substantial capital contribution, which proved a crucial factor in attracting the fund’s founding partners. Since the first close of the fund, new investors such as Erasmus Trust Fund, Cornelder Group and Ahoy have joined the investor group.
Given their existing excellent working relationship with NIBC, the partners in the Rotterdam Port Fund trusted our entrepreneurial spirit and relied on our experience in structuring and managing private equity funds. NIBC’s dedication to ports as one of the bank’s key investment sectors also played a role in convincing the partners to sign on.
NIBC is increasingly seeing opportunities to finance companies whose innovations will aid development of the Rotterdam port’s economy and beyond, and boost overall competitiveness. The Rotterdam Port Fund provides the growth capital required by these entrepreneurial companies, thereby also helping to generate economic growth and employment.
First investments since the Fund’s inception include Van Aalst Group, Wuvio, Tagpoint Training and McNetiq.
Bastiaan van der Knaap, Fund Manager of the Rotterdam Port Fund: “Trends such as the rise of Asia, the energy transition and the shift to a circular economy all have major consequences for the environment in which a port operates. These trends create not only risks, but also – and more importantly – new opportunities. We want to seize these with the Rotterdam Port Fund.”