Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Image: Chris Gorell Barnes / Ocean 14 Capital Fund / FIS

Nestlé Joins and Ocean 14 Capital Fund I Reaches 200 Million Euros to Improve Ocean Health

Click on the flag for more information about United Kingdom UNITED KINGDOM
Wednesday, May 15, 2024, 07:00 (GMT + 9)

Ocean 14 Capital Fund focusing exclusively on the multi-trillion-dollar ‘blue economy’, has announced it has closed on €201 million (USD 217.46 M) to support its mission of funding sustainable solutions to improve ocean health.

The Ocean 14 Capital Fund is focused on driving a sustainable and regenerative “blue economy” – a sector that uses ocean resources for economic growth and preservation. Following the closing at the end of March, the impact fund has added a host of large institutional investors to its already high-profile list.

The world’s largest food and beverage company Nestlé, HQ Capital and The Green Earth Impact Fund managed by Schroders and BlueOrchard have recently invested in the fund, positioning it as the largest in the blue economy.

Using the United Nations Sustainable Development Goal number 14: Life Below Water as a guiding principle, Ocean 14 Capital Fund invests in entrepreneurs and businesses with big ideas around aquaculture and alternative proteins, reducing plastic waste pollution, protecting ecosystems and marine flora, and ending overfishing.

The Fund aims to act as a tidal surge to supercharge the blue economy, which is expected to be worth $3 trillion by 2030, according to the OECD. At the same time, it will provide jobs to 40 million people (OECD;pg2).

“The world’s oceans have suffered from overfishing, pollution, and climate change, resulting in the dramatic loss of marine habitats. That’s why we are delighted to collaborate with the Ocean 14 Capital Fund I, a visionary partner that is at the forefront of exploring this field. Together, we aim to drive innovation and create positive change by preserving and harnessing the power of the ocean’s resources to ensure a more sustainable future. We recognise the potential within the blue economy and are dedicated to seizing the opportunities it presents,” said Dan Smith, Head of Nestlé Purina’s Global Business Unit.

“We are thrilled to be investors in the Ocean 14 Fund I which marks a key milestone as The Green Earth Impact Fund’s first dedicated investment in the Blue Economy. Green Earth Impact Fund which is jointly managed by BlueOrchard and Schroders aims to create broad based climate impact in areas including ocean and land-based preservation and restoration. We believe this investment has great potential to deliver on our impact goals while also generating attractive financial returns,” said Natalie Wong, Investment Director, Schroders Capital and Daniel Freedman, Senior Portfolio Manager, BlueOrchard.

“Oceans are the critical life-support system for life on earth. The ocean provides half the oxygen we breathe, it absorbs half the carbon, it feeds the world, it employs hundreds of millions of people. If it’s not functioning it will be game over for humanity. Institutions are now awakening to the fact that we need to overhaul the capital market to stand a chance of averting the climate crisis,” said Chris Gorell Barnes, co-founder of Ocean 14 Capital Limited.

“That is why the Ocean 14 Capital Fund was launched, to bring in the necessary capital to transform the blue economy and make it sustainable and regenerative, to protect and restore the oceans health and make sure this vital economy can prosper. It’s a huge testament to the team and their strategy that in this environment, they have obtained investment from like-minded investors who share the desire to make a difference – to help preserve a flourishing ocean, maintain precious marine ecosystems, and protect global food security across the globe. Looking forward, the most sustainable businesses will be the most valuable so this is an exciting investment opportunity encapsulating innovation and technology to create truly transformational businesses,” added Gorell Barnes.

“The fundraising for the Ocean 14 Capital Fund has been a tremendous success, we are grateful for the support of all our investors especially in this current fundraising environment, with the ongoing succession of macro and geopolitical challenges. We are proud of our diverse LP base and appreciative of their conviction in our team and strategy and their trust in us,” added Sheila Gungadin, Head of Investor Relations at Ocean 14 Capital.

Source: Ocean 14 Capital 

[email protected]
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
China
Jun 14, 07:40 (GMT + 9):
Indian Ocean squid price index: Flying squid (Ommastrephes bartramii)
Viet Nam
Jun 14, 07:00 (GMT + 9):
Shrimp Exports Likely to Continue Growing in Q2 2024
Russian Federation
Jun 14, 07:00 (GMT + 9):
Salmon Season 2024: Kamchatka Fishermen Gain Harvesting Momentum
Spain
Jun 14, 07:00 (GMT + 9):
Balfegó Successfully Concludes the 2024 Bluefin Tuna Fishing Campaign
South Korea
Jun 14, 07:00 (GMT + 9):
Fishing Sector Advocates for Sustainable Fisheries Management to Feed 10 Billion People
Costa Rica
Jun 14, 06:50 (GMT + 9):
Dozens of dead sailfish and marlin found in Golfo Dulce
Argentina
Jun 14, 01:00 (GMT + 9):
Court Ruling Orders Seizure of the Tai An Vessel
United States
Jun 14, 01:00 (GMT + 9):
Tinned Plant-Based Fish Brand Seed to Surf Announces National Whole Foods Rollout
European Union
Jun 14, 01:00 (GMT + 9):
What if adopting the Energy Taxation Directive was a mitigation action under UNCLOS?
China
Jun 14, 00:00 (GMT + 9):
Other Media | SeafoodSource: China tapping Pakistan as alternative seafood supply source
Norway
Jun 13, 14:00 (GMT + 9):
Other Media | The Fishing Daily: Russian Competition Drives Down Prices for Norwegian King Crab
United States
Jun 13, 14:00 (GMT + 9):
Other Media | WorldFishing: New partnership looks to advance electronic seafood traceability
Viet Nam
Jun 13, 07:10 (GMT + 9):
Vietnamese canned tuna increases market share in the US
United Kingdom
Jun 13, 07:00 (GMT + 9):
GSA Releases Outline of the Responsible Seafood Summit 2024 Conference Program
Netherlands
Jun 13, 07:00 (GMT + 9):
Kyokuyo Invest in a Dutch company



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Market situation for Norwegian coldwater prawn
Norway Strong growth for prawn Norway exported 5,138 tonnes of prawn worth NOK 205 million in May The value increased by NOK 93 million, or 82 percent, compared with the same month last year. ...
Vietnamese canned tuna increases market share in the US
Viet Nam Vietnam's canned tuna exports continue to grow rapidly in the first months of 2024. In April 2024 alone, canned tuna exports to this market increased by 127 %, reaching more than 10 million USD. A...
GSA Releases Outline of the Responsible Seafood Summit 2024 Conference Program
United Kingdom Global Seafood Alliance (GSA) has announced the release of an outline of its highly anticipated Responsible Seafood Summit conference program for 2024. Set to take place in October in St Andrews,...
Northern shrimp in Skagerrak and Kattegat and northern North Sea in the Norwegian Deep - Advice
Denmark ICES released advice on fishing opportunities for Northern shrimp (Pandalus borealis) in the Skagerrak and Norwegian Deep (ICES divisions 3.a and 4.a East) for the period 1 July 2024 to 30 June 2025. ...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER