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>>>First closing of the Althelia Sustainable Ocean Fund

First closing of the Althelia Sustainable Ocean Fund


Ecosphere Capital Limited, majority-owned by responsible investment manager Mirova,an affiliate of Natixis Investment Managers, today announces the first close of the Althelia Sustainable Ocean Fund (“SOF”), a new investment fund dedicated to making pioneering impact investments into marine and coastal projects.

The fund invests in scalable, impact-aligned businesses that harness the ocean’s natural capital to generate real assets, build resilience in coastal ecosystems and create sustainable economic growth and livelihoods.

Through SOF, Ecosphere Capital Limited intends to deploy at least US$100 million across a portfolio of investments into sustainable marine activities in developing countries globally. The initial focus will be on Latin America and the Caribbean. Returns are generated from loan interest, profit shares or the sale of equity. In addition to seeking to provide investors with market returns in fisheries, aquaculture, seafood supply chains, the fund’s investments will be required to deliver substantial positive conservation impacts.

Read the press release