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Sustainable Ocean Fund

The Sustainable Ocean Fund provides private debt investments in sustainable fisheries, supply chain improvement and marine conservation.

Althelia's Sustainable Ocean Fund provides private debt investments in sustainable fisheries, supply chain improvement and marine conservation. The Fund plans to invest in 10-20 sustainable businesses and organizations throughout Latin America, Africa and Asia. The capital provided will help businesses create operational and behavioral change for sustainable fisheries activities, which will generate long-term revenue streams for those involved in the fishing industry and help improve coastal ecosystems. USAID is providing a 50 percent loan portfolio guarantee to the Fund through USAID's Development Credit Authority for up to $50 million (EUR 42 million) in private debt investments.

Sustainable Ocean Fund
Image credit: Althelia
Associated website: link
Timeframe: Oct. 01, 2016 -
Project Status: Ongoing
Contact: Barbara Best
Email: Log in to view
Thematic Focus: Industry and Market Incentives
Geographic Areas: Global
Activity Type: Capital asset or tool
Filed under: ,
 
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