Land-based aquaculture, particularly through Recirculating Aquaculture Systems, has become the "it" investment in the seafood space. Its rise hasn't exactly been meteoric, but a confluence of factors has finally convinced the greater institutional investor base to get off the sidelines and start taking the area seriously.
To say that new money has been flooding into land-based aquaculture recently would be an understatement. In a 2019 study on land-based initiatives, Rabobank estimated that new production reared from Recirculating Aquaculture Systems would add over 700,000 metric tonnes per year. Most of this investment is for Atlantic salmon.
Led by a former managing partner at Norwegian asset finance firm Lighthouse Finance, New York City, U.S.A.-based Peritus Capital hopes to provide financing to aquaculture operations with a sustainability focus.
Peritus Capital CEO Howard Tang, CFA moderated an ESG panel entitled "ESG Creates Value, Not Just Investment Returns" on behalf of CFA Society New York. Howard was joined by Aniket Shah, PhD, Mariela Vargova, Ph.D., Lisa Hayles, and Kate Ahern to discuss how an effective #ESG proposition links to higher value creation.
Howard Tang, CEO and partner in New York-based Peritus Capital, wants his newly-launched investment firm to focus not only on sustainable aquaculture, but broaden its focus to cover
Peritus Capital is a newly established boutique investment firm catering to both early stage and established corporates that integrate Environmental, Social, Governance (ESG) principles into their business models