press releases

FMO Investment Propels Meloy Fund Past $22 Million for Sustainable Coastal Fisheries

Dutch Development Bank Invests $5 Million to Support Sustainable Coastal Fisheries in Indonesia and the Philippines

ARLINGTON, VA - The Meloy Fund I, LP, the world’s first impact investment fund dedicated to supporting sustainable coastal fisheries in Indonesia and the Philippines, today announced a $5 million investment from FMO, the Dutch development bank. This brings the fund to a final close at over $22 million. FMO joins a diverse group of family offices, investment managers, and foundations already invested.

New Principles for Sustainable Fisheries Investment Unveiled at World Ocean Summit

With a growing list of adopters and endorsers, Environmental Defense Fund (EDF), Meloy Fund, and Encourage Capital today launched new guidelines for investing in global fisheries to drive needed capital into scaling sustainably managed fisheries and restoring our oceans to abundance. The announcement was made at the World Ocean Summit 2018.

Impact Fund Surpasses $17 Million for Sustainable Coastal Fisheries in Indonesia and the Philippines

The Meloy Fund I, LP (the “Fund”), an impact investment fund dedicated to promoting sustainable coastal fisheries in Indonesia and the Philippines, today announced closing an additional $7 million of funding and finalizing a partial guarantee with the U.S. Agency for International Developmentthrough its Development Credit Authority (DCA). This brings the total amount of capital raised to $17.1 million.

The close included the Global Environment Facility (GEF), the Fund’s anchor investor, as well as Ceniarth, LLC, a single-family office which funds market-based solutions that benefit underserved communities.

Fisheries-Focused Impact Investment Fund Announces First Deal

Today Rare’s Sustainable Markets Group announced a US$1 million-dollar investment in Philippines-based seafood company, Meliomar Inc. This marks the first investment by the Meloy Fund for Sustainable Small-Scale Fisheries in Southeast Asia, the first impact fund focused solely on near-shore fishing-related enterprises in the developing tropics. 

Small-Scale Fishers Get A Big Boost With First-Of-Its Kind Impact Investment Fund

At the Our Ocean Conference, hosted by U.S. Secretary of State John Kerry in Washington, D.C. today, Rare CEO Brett Jenks and the Global Environment Facility (GEF) CEO Naoko Ishii will be jointly announcing the development of the Meloy Fund for Sustainable Small-Scale Fisheries in Southeast Asia. The GEF, one of the largest funders of conservation worldwide, will be investing $6 million into the fund.