Luxembourg-based private equity fund Ocean 14 Capital is gearing up for its first investments, with a focus on aquaculture, fisheries and technology companies that can balance both a positive environmental impact and solid financial returns.

The newly established firm, born out of executives from Vedra Partners, Pontos Aqua and the Blue Marine Foundation, raised €80 million ($90.6 million) in the first close of its inaugural fund in December.

Current cornerstone investors include the European Investment Fund, Danish group Chr.