Lighthouse Finance has a string of aquaculture projects making use of recirculating aquaculture systems (RAS) in the works, including a 10,000 metric ton RAS salmon farm in Vietnam in partnership with Dong Nam Investment, SEA Aquaculture, Singapore-based AquAgro Projects and Israeli RAS tech specialist AquaMaof. But the investment firm's focus goes beyond land-based, CEO Roy Hoias told IntraFish.

"I would say [land-based] has become a typical part of our client portfolio in the global market over the past three to four years," said Hoias, whose role in the Vietnamese project will be in putting together the capital expenditure for the farm, aiming to finance it upfront with $100 million (€90.6