In-house content

Our research and opinions

"Imagine walking out of a grocery store with four bags of groceries, dropping one in the parking lot, and not bothering to pick it up. That's essentially what we're doing," says one food scientist at the National Resources Defense Council.

PDF iconLink Icon
December 21, 2023

A Circular Revolution: How the Black Soldier Fly is Transforming Organic Waste Management

Peritus Capital Logo
December 2023 Periscope page 1 thumbnail

There are a couple of deceptively simple metrics that best help management tell their story to investors. How can we use them in promoting Recirculating Aquaculture Systems?

PDF iconLink Icon
August 8, 2023

A Tale of Two Ratios Driving Aquaculture Success

Peritus Capital Logo
August 2023 Periscope page 1 cover image

Novel proteins derived from insects are gaining traction among investors and entrepreneurs for their attractive environmental and economic business models.

PDF iconLink Icon
March 30, 2023

Black Soldier Fly Poised to Take Flight as Leading Alternative Protein Source

Peritus Capital Logo
Black soldier fly article page 1 image.

Why has institutional investment been so elusive for RAS fish farming? It’s a valid (and frustrating) question that the aquaculture community has been wrestling with for years. After all, fish farming using Recirculating Aquaculture Systems (RAS) has much to offer sustainability-minded investors, the fastest-growing institutional investor class.

PDF iconLink Icon
January 12, 2023

The J-Curve: Mapping Challenges in RAS Investment

Peritus Capital Logo
The J-Curve: Mapping Challenges in RAS Investment article image

When the leader of the Recirculating Aquaculture System (RAS) movement speaks, it makes sense to listen. So, recently, when Atlantic Sapphire shared its interest in growing steelhead trout on a 2Q21 earnings call, our team was compelled to learn more.

PDF iconLink Icon
November 29, 2021

RAS: Steelhead vs. Salmon

Peritus Capital Logo
Steelhead trout

Industry Articles & Research

What others are saying about us

PE Hub
November 9, 2023

Fish: It's what's for dinner, as PE firms like Butterfly and Equilibrium test the waters

PDF iconLink Icon

Earlier in November, Butterfly Equity, Equilibrium Capital and a US public pension fund agreed to provide project financing for Pacifico Aquaculture.

Peritus Capital
November 1, 2023

Peritus Capital Acts as Lead Arranger and Financial Advisor to Pacifico Aquaculture on Equilibrium Project Financing

PDF iconLink Icon

Peritus Capital is pleased to announce its role as Lead Arranger and Financial Advisor to Pacifico Aquaculture SAPI de CV (Pacifico) concerning its project financing agreement with Equilibrium Capital. Terms of the transaction were not disclosed.

Undercurrent News
January 4, 2023

Institutional Interest in Land-based Aquaculture Remains, but Investors are Selective

PDF iconLink Icon

'As we can see right now, things have changed significantly. Money is no longer cheap,' according to Howard Tang

Seafood Expo Global
April 28, 2022

Riding the ESG Wave

PDF iconLink Icon

Presentation by Howard Tang of Peritus Capital at Seafood Expo Global 2022

November 20, 2020

ESG the focus in launch of aquaculture-focused Peritus Capital

PDF iconLink Icon

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.

CFA Society of New York
November 16, 2020

ESG Creates Value, Not Just Investment Returns

PDF iconLink Icon

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.

October 8, 2020

Former Lighthouse managing director launches investment firm focused on aquaculture, ESG

PDF iconLink Icon

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

PR Newswire
October 6, 2020

Aquaculture-Focused Investment Team Intros Peritus Capital, Expands to Full ESG Mandate

PDF iconLink Icon

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