Norwegian-based private equity firm Verdane is looking for companies deploying technology to make aquaculture more cost efficient and sustainable, and has raised a sizeable new fund to deploy into the sector.

The group, which recently closed a €300 million ($340.8 million) fund, one of the largest growth impact funds ever raised, already has a solid pipeline of deals in place, and aquaculture companies are poised to capture a portion of that fund, Verdane Investment Principal Reed Snyder said.

Verdane isn't new to the sector: the company owned stakes in Norwegian aquaculture breeding firm AquaGen and fishmeal alternatives producer Scanbio, but the fund exited those investments in 2007 and 2011, respectively.