Netherlands-based Nutreco, one of the world’s largest aquaculture feed producers, has joined German-owned private equity group Bregal Partners, a key investor in US firms American Seafoods and Blue Harvest Fisheries, in anchoring a private placement into a massive land-based salmon farming project to be built in Nevada.

The private placement, which also includes funding from land-based salmon farming equipment supplier AquaMaof and investment group Beach Point Capital Management, secures enough financing for the group to begin detailed design, planning and fundraising activities for its 50,000-metric-ton project, which it hopes to start in mid-2021, the two executives spearheading the project told IntraFish.