Asset manager The Sustainable Ocean Fund plans to launch a public-private private partnership that will invest in projects that benefit oceanic ecosystems and economies. Althelia Ecosphere will identify marine and coastal projects and enterprises that support sustainable fisheries, marine conservation, improved livelihoods and economic returns. The Luxembourg-based fund will allot $100m through 10 to 15 investments with an emphasis on developing countries. "Sustainable Ocean Fund will allow us to direct meaningful investments to support sustainable fisheries over the long term, thereby accelerating the transition to a sustainable model," said Simon Dent, a partner at The Sustainable Ocean Fund.
Asset manager Althelia Ecosphere plans to launch a public-private private partnership that will invest in projects that benefit oceanic ecosystems and economies. The Sustainable Ocean Fund will identify marine and coastal projects and enterprises that support sustainable fisheries, marine conservation, improved livelihoods and economic returns. The Luxembourg-based fund will allot $100m through 10 to 15 investments with an emphasis on developing countries. "Sustainable Ocean Fund will allow us to direct meaningful investments to support sustainable fisheries over the long term, thereby accelerating the transition to a sustainable model," said Simon Dent, a partner at Althelia Ecosphere.