Asset manager ##ia Ecosphere plans to launch a public - private private partnership that will invest in projects that benefit sustainable ecosystems and economies . The Sustainable Ocean Fund will identify marine and coastal projects and projects that support sustainable fisheries , marine conservation , improved livelihoods and economic development . The Luxembourg - based fund will invest $ 100 m 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 .
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.