KKR launches $500m container leasing and financing platform | Container news

Global investment firm KKR has announced the launch of Galaxy Container Solutions, a global marine container leasing and financing platform, in partnership with a team of industry veterans.

Galaxy will be owned by KKR-managed credit funds and accounts, KKR said, which are committing $500m to the company via KKR’s Asset-Based Finance (ABF) strategy.

Galaxy will provide container leasing and financing solutions to shipping companies globally, KKR noted in its statement on Oct. 20.

“Galaxy represents an exciting expansion of our Asset-Based Finance strategy into the container leasing sector, which offers attractive downside-protected investment opportunities backed by essential global trade infrastructure,” said Daniel Pietrzak, partner and global head of private credit at KKR. “The company is in great hands with the Galaxy team, and we’re confident they will deliver dynamic solutions that meet the evolving needs of the world’s leading shipping lines.”

A seasoned team of specialists across container leasing management, operations, finance and sales functions will lead the new platform, alongside industry veterans.

According to KKR, Galaxy is led by chief executive officer Jeffrey Gannon and chief operating Officer Adrian Dunner, who have launched and scaled multiple container leasing companies.