$359 million raised for Pure Salmon’s first four land-based salmon farming projects

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8F Asset Management has raised USD 358.8 million for Pure Salmon RAS facilities in Poland, Japan, France and US.

Pure Salmon now has the capital required for phase one of its global rollout covering the projects in Poland, Japan, France and the US, thanks to the completion of fundraising from 8F Asset Management, closing its first aquaculture private equity fund at US$358.8m, 8F wrote in a press release on Monday.

“The investor base comprises leading family and institutional investors including several sovereign wealth funds, insurance companies, and pension funds from Europe, Asia, the Middle East and the United States. The project also attracted substantial investments from the aquaculture industry including AquaMaof, Pure Salmon’s RAS technology partner,” it wrote.

These are for Pure Salmon RAS facilities in Poland, Japan, France and US. It said that Pure Salmon’s project in Boulogne-sur-Mer, France, is moving quickly with strong support from the local authorities because the French Government offered a Fast Track process to obtain all necessary permitting by Autumn this year.

It added that it continues to develop its other projects including those announced in China, Africa and South-East Asia.

Stephane Farouze, Board Director of Pure Salmon and Chairman and Founder of 8F Asset Management, commented:
“With this highly successful asset raise, we have reached a critical milestone in the development of Pure Salmon and have truly begun our journey towards 260,000 tons p.a. production of sustainable salmon”.