Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Jason Scott, Managing Partner of Encourage Capital. (Photo: Encourage Capital/FIS)

First investment fund in sustainable fisheries launched

Click on the flag for more information about United States UNITED STATES
Thursday, February 16, 2017, 02:40 (GMT + 9)

Investment funds Zoma Capital and Encourage Capital announced the launch of the first-ever sustainable seafood investment holding company, called Pescador Holdings.

The announcement was made at the Economist Impact Investing Summit, in Time Warner Centre in New York City, where the companies said that the launch of Pescador is the culmination of more than two years of investment research funded by Bloomberg Philanthropies and the Rockefeller Foundation as part of the Vibrant Oceans Initiative.

In 2016, the venture capital firm Encourage Capital released Investing for Sustainable Global Fisheries, a set of investment plans to strategically recover the economic value that is lost due to poor fisheries management, and restore ocean ecosystems, increasing the sustainable seafood supply and providing livelihoods for poor and vulnerable people in seafood dependent economies.

The company indicated that Pescador Holdings would start with an initial USD10 million commitment from Zoma Capital.

Melissa Cheong, Chief Investment Officer of Zoma Capital, said Pescador will invest in best in class sustainable seafood businesses for the long term.

"We believe this sustainability-focused strategy will allow companies and ecosystems to meet their full financial and productivity potential by aligning the time frame of investments with the time frame of sustainably managed biological systems,” the executive highlighted.

For his part, Jason Scott, Managing Partner of Encourage Capital stressed, “The Zoma Capital and Encourage Capital partnership marks the first time that a research-based, mission aligned investment company has been designed from the ground up to capitalize on the demand for more sustainable seafood.”

He also pointed out that local company, government, non-profit and stakeholder partnerships are equally central to that groundbreaking systemic approach, ensuring the ongoing protection and restoration of fisheries.

As its initial commitment, Pescador Holdings has invested in Chile’s Geomar, a leading sustainable seafood company with products sold in major markets throughout the world with 20 years of experience working directly with more than 700 artisanal fishers in Chile.

This Chilean company cut out intermediaries by sourcing from as many as 134 capture zones across Chile, and transporting, canning and selling the seafood directly to retail distributors.

Geomar’s products are sold in Chile and important export markets in North America, Europe and Asia, including the United States, France and Hong Kong.

Javier Denoso, CEO of Geomar, said “With these resources we will increase regional employment in Chile, increase the volume and quality of sustainable seafood sourced from fisherman, and invest in distribution of Geomar products directly to customers who appreciate high quality, sustainably sourced seafood.”

The company currently employs 150 people – mostly women from the local community in semi-skilled seafood processing roles - at their central manufacturing hub in Coronel, one of Chile’s poorest regions. It is considered to be one of the most sophisticated facilities in the Chilean seafood industry.

Pescador Holdings intends to partner with businesses benefiting from fisheries stabilization or restoration, which have the potential to generate attractive financial returns driven primarily by increased volume availability.

The holding will work with companies poised to benefit from improvements in supply-chain efficiency, as well as vertical integration and access to higher-value markets.

Its goal is to include fishing companies and fishery improvements that will protect and restore stock biomass and critical marine habitat, and empower fishers and their communities through higher incomes and greater livelihood resilience.

 
[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Viet Nam
Feb 22, 03:00 (GMT + 9):
Southern province has great plans to boost crab farming
Chile
Feb 22, 02:50 (GMT + 9):
Govt enacts law creating support agency for small fish and aquaculture producers
Australia
Feb 22, 02:00 (GMT + 9):
Huon saw profit growth in second half of 2017
Peru
Feb 22, 01:10 (GMT + 9):
Fisheries sector registers important advance in January, thanks to anchovy
Japan
Feb 22, 01:00 (GMT + 9):
IN BRIEF - Focus on seafood for Norwegian PM on visit to Japan
Singapore
Feb 22, 01:00 (GMT + 9):
IN BRIEF - More must be done to boost local aquaculture
United States
Feb 22, 01:00 (GMT + 9):
IN BRIEF - Cooke Aquaculture Threatens to Seek Damages from Washington State
Republic of Ireland
Feb 22, 01:00 (GMT + 9):
IN BRIEF - Fisheries body confirms presence of farmed Atlantic salmon in Galway rivers
Hong Kong
Feb 22, 01:00 (GMT + 9):
IN BRIEF - Hong Kong supermarkets need to do better at labelling seafood accurately, to help protect threatened marine life
Republic of Ireland
Feb 22, 00:40 (GMT + 9):
Aquaculture organisation rejects affirmations on escaped salmon in Irish rivers
United States
Feb 21, 23:50 (GMT + 9):
Washington fish growers urge Senate to stop salmon farm bans
Argentina
Feb 21, 23:00 (GMT + 9):
Squid jiggers caugth 22,000 tonnes of Illex in three weeks
United States
Feb 21, 22:50 (GMT + 9):
Cooke warns of NAFTA battle to recover investments in Washington
Mexico
Feb 21, 22:40 (GMT + 9):
Start date for shrimp ban in the Pacific defined
Norway
Feb 21, 21:20 (GMT + 9):
Salmon price status at week 7



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Higher exports of live lobsters to Asia offset fall in sales to Europe
United States Two thirds of the live lobsters that the United States exported last year went to Asia, a percentage that reflects a growth of 36 percent year-on-year.
UN information exchange tool supports fisheries sustainability
Worldwide It is estimated that the global seafood trade is worth USD 140 billion, but overfishing and illegal, unreported and unregulated fishing are putting the health of fisheries and ocean ecosystems at high risk.
Euro-Moroccan commission relies on favorable ruling by CJEU on EU-Morocco fishing agreement
European Union The EU-Moroccan Mixed Commission of Fisheries Professionals has warned of the damage and the negative socio-economic impact that an unfavorable resolution of the CJEU would have on both parties in relation to the current fishing protocol between the EU and Morocco.
Nine more stocks than in 2017 are now fished at sustainable levels
European Union Fishing businesses in the Atlantic, North Sea and Baltic Sea are enjoying a record on profits, due to a solid recovery of popular fish stocks which were severely depleted some years ago, claims the European Commission.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
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.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
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. -Headquarter-
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
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
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
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands
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 -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
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
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER