GSP Asset Redeployment AMC

Strategy Overview

GSP Offshore Asset-Based AMC provides secured, short-duration financing against executed offshore service contracts across the GSP platform. Capital is deployed for mobilisation, crew, class compliance, insurance, and redeployment costs linked to specific marine and offshore assets, not as unrestricted corporate working capital.

GSP Group has operated in the offshore oil and gas sector for over 20 years, with $5.7B in cumulative turnover and a fleet comprising 18 construction vessels and 9 drilling rigs. Deployments are structured through a ring-fenced SPV, controlled accounts, receivables assignment, and sponsor co-investment.

Indicative terms

Instrument	Actively managed certificate
Target SPV size	Up to USD 6.0M
Tenor	6–12 months revolving
Return structure	Preferred return + profit share
Collateral	Receivables assignment, account pledge, step-in rights
Underlying exposure	Secured contract finance SPV
Use of proceeds	Mobilisation, crew, class compliance, insurance, and asset redeployment costs linked to approved contracts
Investor reporting	Contract-level deployment and repayment reporting
Redemption / liquidity	Subject to contract cash-flow cycle and product terms

Indicative terms

Instrument	Actively managed certificate
Target SPV size	Up to USD 6.0M
Tenor	6–12 months revolving
Return structure	Preferred return + profit share
Collateral	Receivables assignment, account pledge, step-in rights
Underlying exposure	Secured contract finance SPV
Use of proceeds	Mobilisation, crew, class compliance, insurance, and asset redeployment costs linked to approved contracts
Investor reporting	Contract-level deployment and repayment reporting
Redemption / liquidity	Subject to contract cash-flow cycle and product terms

The holding

Years

Turnover

Construction vessels

Drilling rigs

Investment process

GSP’s operating platform gives the mandate exposure to an established offshore asset base, contract pipeline, and project execution infrastructure across marine and offshore energy services.

Validate the contract

The team screens the GSP project pipeline for executed offshore service contracts with approved counterparties, enforceable receivables, and defined mobilisation requirements.

Structure the deployment

Capital is deployed against a line-item budget covering mobilisation, crew, class compliance, insurance, and asset-readiness costs. Funds are not deployed as unrestricted corporate working capital.

Collect and distribute

Client payments flow into a controlled collection account. Once received, the waterfall returns investor capital, then preferred return, then profit participation.

Validate the contract

The team screens the GSP project pipeline for executed offshore service contracts with approved counterparties, enforceable receivables, and defined mobilisation requirements.

Structure the deployment

Capital is deployed against a line-item budget covering mobilisation, crew, class compliance, insurance, and asset-readiness costs. Funds are not deployed as unrestricted corporate working capital.

Collect and distribute

Client payments flow into a controlled collection account. Once received, the waterfall returns investor capital, then preferred return, then profit participation.

Selected Risk Considerations: The mandate is exposed to offshore-services cycle risk, contract performance risk, counterparty credit risk, project-delay risk, receivables collection risk, collateral enforcement risk, asset-operating risk, jurisdiction risk, liquidity risk, and potential loss of capital. Security arrangements and investor rights are subject to final transaction documentation.

This material is intended solely for sophisticated investors and does not constitute an offer or solicitation in any jurisdiction where such offer is unlawful. AIP Capital Management is registered with the Cayman Islands Monetary Authority (CIMA); however, CIMA does not guarantee the performance of the fund or the accuracy of this material. Past performance is not a guarantee of future returns; the value of investments may fall as well as rise. Before investing, please read all offering documents carefully.