Investors Find Great Demand for Ocean Fund, Exceeding Fund’s Target by $50M

SWEN Capital Partners, a sustainable ocean fund backed by the Walton family’s Builders Vision and Norwegian investment group Ferd, is closing its Blue Ocean Fund after reaching €170 million ($180 million) in investments. Closed.

The French-based investor initially targeted an investment of €120 million ($127 million).

Jeroome Delmas, CEO of SWEN Capital Partners, said:

The fund aims to address three threats affecting ocean health. The company blames overfishing, pollution and climate change.

The fund’s institutional investors range from pension funds to insurance companies, banks, sovereign funds and family offices. The funding round includes investments from Abeille Assurances and Prince Albert II of the Monaco Foundation.

in October, The company has raised €38 million ($37 million) from international institutional investors.

The fund will initially launch in September 2021 to fund 20-25 companies in various sectors including sustainable aquaculture, ocean data, plant and cell-based seafood, and decarbonizing maritime transport. was started in

The fund has so far made nine investments, including the Norwegian-based developer of OptoScale, an accurate and real-time fish biomass measurement.