Investor sets up new aquaculture fund
THE specialist seafood investment company Broodstock Capital has allocated 200 million Norwegian kroners ($25 million) to finance fishery projects.
The Norwegian firm is setting up a second dedicated fund to focus on small and medium sized businesses in fishing and the aquaculture industry.
It specifically targets companies with a proven track record and a strong management team, with the ability to stay ahead of the curve and capitalise on a growing market.
Kjetil Haga, partner in Broodstock Capital, said: ‘Many investors have contacted us after setting up our first fund a year ago.
‘Investors in the new fund are a few selected professional family offices with strong interest in and good insight into the seafood industry. We think they are a good match for us – and vice versa.
‘The key lies in identifying the companies that really have a sustained competitive advantage and thus the highest possible growth potential. We have identified such companies in Norway and abroad.’
Another Broodstock partner, Simen L. Bjørnstad, said: ‘The new set-up reinforces our strategy of investing in market leaders within growth niches in the seafood industry.’
In April last year Broodstock became a majority shareholder in the Danish based company Billund Aquaculture, which has 30 years’ experience in design, installations, operations and service of intensive land based recirculation aquaculture systems.
It has also invested in Maritech Systems and net cleaning company Multi Pump Innovation (MPI).