Icelandic private equity firm Freyja has taken a 15 percent stake in Arctic char farmer Matorka.

"This will further strengthen the company and cement its goal to fully utilize its current license for 6,000 metric tons standing biomass," Matorka said in a statement.

Matorka is aiming to raise production at its Icelandic site to 6,000 metric tons of Aquaculture Stewardship Council (ASC) certified products by 2022 at the earliest.