Ritz-Carlton Yacht Collection Targets $400 Million Fundraise
- Luxury cruise provider said to tap Citigroup to raise funds
- Ritz-Carlton Yacht Collection backed by Oaktree, others
The Evrima yacht.
Source: Ritz-Carlton Yacht CollectionThe Ritz-Carlton Yacht Collection, a provider of luxury travel for the world’s wealthy, is seeking to raise as much as $400 million to add to its fleet of superyachts, people with knowledge of the matter said.
The company is working with Citigroup Inc. on the fundraising, according to the people, who asked not to be identified discussing confidential information. It wants to add two more ships to the three already in its fleet, one of the people said.