A new impact fund has the seafood industry in its sights after quickly getting investors behind its sustainable ocean investment strategy.
France-based asset management company Mirova closed the Althelia Sustainable Ocean Fund (SOF) in May last year, exceeding its target at $132 million (€110.7 million) with public and private investors. It has already made several investments within the aquaculture and fisheries space.
The fund is dedicated to making impact investments in marine and coastal projects and businesses that deliver sustainable alternatives to “business-as-usual,” and which can deliver sustainable economic returns in fisheries, aquaculture, the circular economy and marine conservation, Lisa Hubert, investment officer at Mirova Natural Capital, the London-based wholly-owned subsidiary of Mirova, told IntraFish.
