KKR has agreed to sell its Ocean Yield ship leasing platform to AP Moller Holding, marking a significant exit in the maritime asset management space. The transaction transfers a portfolio spanning more than 70 vessels across gas carriers, container ships, LNG carriers, tankers and dry bulk carriers. Financial terms weren't disclosed.

KKR has invested over $3 billion in Ocean Yield since taking ownership, transforming the platform's customer base and scale. The long-term contracted backlog has nearly doubled to more than $5 billion under the private equity firm's stewardship, reflecting strong demand for specialized marine assets. This performance likely drove AP Moller's acquisition interest.

AP Moller gains a diversified fleet and established client relationships in an industry benefiting from global trade recovery. The Danish conglomerate already operates extensive shipping and logistics businesses, making Ocean Yield a natural fit for vertical integration. KKR will maintain exposure through its joint stake in Cape Omega Gas Transportation.

The deal signals continued consolidation in maritime finance as traditional shipping companies seek to control more of their supply chains. For KKR, it represents a successful harvest of a platform that weathered supply chain disruptions while expanding contracted revenue.