Easterly Clear Ocean Launches Fifth Maritime Investment Fund, Closes Fourth Tranche at $183M 

Easterly Clear Ocean (ECO), the maritime investment platform affiliated with Easterly Asset Management, has announced the launch of its fifth investment vehicle, ECO Fleet Holdings V LP (ECO V), alongside the successful close of Easterly Fleet Holdings IV LLC (Tranche IV), which deployed $183 million in capital by March 31, 2025. 

Founded in 2021, ECO provides institutional and accredited investors with direct access to income-producing maritime assets, capitalizing on “inefficiencies” across global shipping markets, the firm said. ECO V marks the continued evolution of the platform’s strategy, offering a diversified portfolio targeting offshore service vessels (OSVs), dry bulk carriers, and tankers. The fund is targeting over $250 million in capital commitments from a mix of existing limited partners—including ultra-high-net-worth individuals, family offices, and RIAs—and new investors seeking exposure to real-asset-backed income streams. 

“Easterly Clear Ocean offers a rare opportunity in private markets—operational, cash-generating real assets that can perform in various market conditions,” said Phil Juliano Jr. (PJ), Head of Sales at Easterly. 

A hallmark of ECO’s investment approach is its focus on return of capital and consistent income distributions. The platform actively deploys capital into operating vessels, using generated cash flow to service debt and return principal to investors—offering a steady income stream while preserving capital appreciation potential. 

Tranche IV also marked ECO’s strategic expansion into OSVs, building on the success of earlier tranches. Led by COO Jake Scott and CFO Andy Tuchman, the platform has now deployed nearly $400 million in capital across Tranches I through IV.