Thor Talseth, founder and head of private equity with Neptune NRCP, said focused operations are necessary when choosing its investments, but that size also matters to cover a broader range of its customers' needs.

The group -- established in 2019 -- has $300 million (€270.5 million) to deploy exclusively on the aquaculture value chain with its first fund.

"I'm a buy-and-build guy," Talseth said while speaking as a panelist for the IntraFish Seafood Investor Forum earlier this month.