Abu Dhabi Catalyst Partners today announces an investment into 8F Asset Management’s land-based aquaculture fund, which achieved a final close of US$358.8m.
Abu Dhabi Catalyst Partners, a joint venture between Mubadala Investment Company and Falcon Edge Capital, was established in April 2019. The company provides an operational base in Abu Dhabi, a crossroads of international trade, from which firms can expand their global footprint.
8F Asset Management is a global investment group which manages funds that develop sustainable and vertically integrated, salmon aquaculture farming facilities. Pure Salmon, which is owned by the 8F fund, is pioneering the use of land-based Recirculating Aquaculture System (RAS) technology, to produce and process Atlantic salmon across four facilities in Poland, Japan, France and the US.
RAS technology enables the farming of high-quality fish, free of antibiotics, pesticides, hormones and micro-plastics, addressing the shortage in world fish supply in an efficient and environmentally sustainable manner. The company’s long-term vision is to achieve a market leadership position in the production, processing and distribution of up to 260,000 tons per annum of land-based Atlantic salmon.
In partnership with Abu Dhabi Catalyst Partners, Pure Salmon has established its global operating headquarters in Abu Dhabi Global Market (ADGM), enabling the company to centralise, control and monitor the worldwide growth of its business. Pure Salmon’s headquarters will require material R&D and technology based infrastructure. 8F Asset Management will also open a regional investment office in ADGM.
James Munce, COO of Abu Dhabi Catalyst Partners, said: “We are excited to have Pure Salmon establish its global hub in ADGM and look forward to seeing their business grow and continue to contribute a significant and positive social and environmental impact.”
“We are proud to have Abu Dhabi Catalyst Partners as a cornerstone investor and strategic partner in the development of Pure Salmon,” said Stephane Farouze, Chairman and Founder of 8F Asset Management and Board Director of Pure Salmon. He added: “We look forward to working with Abu Dhabi Catalyst Partners to realise our impact and sustainable investment vision of a global, land-based, salmon farming business managed out of ADGM. In addition to the establishment of Pure Salmon in Abu Dhabi, we are also pleased to announce the launch of a fund to develop a 20,000-tons facility in Abu Dhabi as part of the UAE's Food Security Program.”
Abu Dhabi Catalyst Partners was launched in April 2019 as a US$1 billion fund to partner with top-tier investment firms and industry-leading businesses to realize commercial returns while building a sustainable business presence at ADGM. Abu Dhabi Catalyst Partners is a joint venture between Mubadala Investment Company and Falcon Edge Capital, a New York-based investment company.
Pure Salmon is one of the fastest growing Atlantic salmon companies globally. Pure Salmon is a portfolio company of private equity funds managed by 8F Asset Management Pte. Ltd. Pure Salmon is on course to build and operate multiple vertically integrated aquaculture production and processing facilities using land-based Recirculating Aquaculture System technology.
8F Asset Management Pte. Ltd., is headquartered and regulated in Singapore. It has group offices in Hong Kong, Shanghai, London and Frankfurt. 8F manages private equity funds that invest in vertically integrated aquaculture production and processing facilities, using land-based sustainable Recirculating Aquaculture System (RAS) technology, creating material positive social and environmental impact.