Maritime assets that move the world
HighWater Capital (HWC) is a specialist investment firm focused on maritime-related assets, energy-linked infrastructure.
Originally established in 2011 as CapeShore Maritime Partners and rebranded in 2023, HWC has evolved into a forward-thinking investment platform dedicated to structuring and managing asset-backed investments in sectors critical to global commerce and sustainability.
HWC operates proprietary, bespoke funds that enable us to structure and execute investments with speed, precision, and a strong alignment of interests.
These funds are strategically positioned to capitalize on opportunities in ship ownership and operations, sale-and-leaseback arrangements, maritime asset trading, and energy-related infrastructure development.
We will soon tap into tokenization, an emerging opportunity at the intersection of real assets and digital technologies.
How we built this from the ground up
The foundation was laid with discipline and clear intent. We acquired our first vessels and built the operational infrastructure that would sustain us through the years ahead.
2011–2014
Foundation
CapeShore was founded with a singular purpose. We completed our first vessel acquisitions and established the technical management partnerships that would define our approach.
2015–2018
Scale up
We moved beyond single transactions into systematic sourcing. 50+ transactions and counting, with deep partnerships that allowed us to move with speed and precision.
2019–2022
Resilience
Navigated COVID-era dislocation, executed opportunistic distressed purchases and exits, and maintained a 100% debt-repayment track record.
2023–2025
Institutionalisation
We transitioned to an institutional fund structure and brought in institutional-grade service providers. HighWater Capital was launched to serve serious capital.
Who we are and how we invest
HighWater Capital originates private, asset-backed investments in the real economy, with a primary focus on shipping and maritime. Our flagship vehicle, the HighWater Navigation Fund, targets a specialised niche in vintage dry-bulk tonnage.
How we invest
We follow a disciplined buy–operate–divest model: acquire ships at conservative prices, run them for income, then exit through resale or compliant recycling.
Asset-backed maritime investments
Our strategy follows a disciplined buy–operate–divest cycle designed to preserve capital through asset-backed exposure with a residual value floor, while maintaining liquidity via short- to mid-term charters and flexible exits.
- Buy: We acquire vintage and mid-life bulk carriers at conservative prices, typically near their residual steel value.
- Operate: We employ vessels on short- to mid-term charters to generate cash flow while maintaining exit flexibility.
- Divest: We exit through secondary sale or compliant recycling, aiming to realise value at or above purchase levels.
Essential infrastructure assets
We invest in critical infrastructure with contracted or diversified cash flows. Our focus is on resilient, strategic assets.
Our investment approach
HighWater’s investment model follows a deliberate three-phase cycle designed for value generation and risk control
Acquisition
Acquire vintage geared bulk carriers (Handysize/Supramax, ~15–17 years) at conservative prices near residual steel value, after full technical and earnings due diligence. Analyze potential risks and alignment with our core investment principles.
Operation
Operate on short —to mid-term charters to generate cash flow, keeping strict technical standards and flexibility to reposition or sell.
Divestment
Divest through trade sale or compliant recycling when pricing is attractive, using residual value as a downside floor and recycling capital into new deals.
FAQs
Common questions about investing with HighWater Capital
Participation is limited to investors who meet specific regulatory and suitability requirements described in the applicable offering documents.
Onboarding is completed through our regulated third-party platform, powered by Republic. Investors complete identity (KYC/AML) checks, any required accreditation verification, electronic subscription documents, and funding via secure escrow directly on the platform.
You'll review the Private Placement Memorandum (PPM), LLC/Operating Agreement, Subscription Agreement, and specific offering risk disclosures.
Investors receive quarterly performance updates and annual tax documents, as outlined in the PPM and offering documents.
No. Private investments involve risks, including possible loss of capital and illiquidity. Please review the Risk Factors in the PPM before investing.
No. There is no public market for fund interests and transfers are restricted. Investors should expect to hold their investment for the full life of the fund, as described in the PPM.
Need more information?
Our team is ready to answer any additional questions you might have
Privacy and Disclaimer
This website and any related materials (including Investor Presentations) are for informational purposes only and do not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offering of interests in HighWater Navigation Fund, LLC (the “Company”) is made solely by means of the applicable confidential offering documents and only in jurisdictions where such an offering is lawful. All investments involve risk, including the possible loss of your entire investment.
The information provided here is a summary only, is incomplete, and should not be relied upon as the sole basis for an investment decision. Before investing, you should carefully read the Confidential Private Placement Memorandum and related documents, which contain important information about the Company, the securities offered, and the risks of investing. You should regard an investment in the Company as speculative and invest only if you can afford to lose all of your investment.
This information is confidential and intended solely for the recipient and their professional advisers. You may not copy, share, or distribute it to any other person without the prior written consent of the Company. Any projections or forward-looking statements are based on assumptions about future events that may not occur. Actual results may differ, potentially in a material way, from those projected or discussed. No assurance can be given that the Company’s investment objectives will be achieved.
Our commitment is to clarity, discipline, and regulatory compliance. We recognise that risk is inherent in every investment and focus on understanding and managing that risk through thorough due diligence, transparent reporting, and adherence to applicable securities laws. We do not promise guaranteed outcomes or “miracle” returns; instead, we offer carefully evaluated, asset-backed opportunities and the straightforward information investors need to make informed decisions.