Industry update News
8F Asset Management secures funding for Soul of Japan RAS project

8F Asset Management, a private equity firm, has secured US$460 million in funding for Soul of Japan and Pure Salmon Technology.

In an official statement, the company announced the closing of funding to complete the construction and begin operations of Soul of Japan’s land-based Aquaculture facility in Japan and Pure Salmon Technology, the technology arm of Pure Salmon Group. 

The construction of Soul of Japan’s land-based Atlantic salmon farming facility will begin on Jan. 25, with the first harvest slated for mid-2027. 

The facility is located on a 13.7-hectare site in Tsu City and will have an annual production target of 10,000 tons of Atlantic salmon.  The farming and processing facility aims to produce antibiotic- and vaccine-free Atlantic salmon and pet nutrition from salmon offcuts.

“This successful close is another significant milestone towards our goal of supplying the world with clean, healthy, locally produced protein,” said Stephane Farouze, chairman and founder of 8F and Pure Salmon. “The strong support from our investors, including the addition of new Japanese investors, underscores the growing need for innovative solutions to improve the sustainability of our food systems and meet the rising protein demand in Japan.”

8F held the first close of its third aquaculture fund – 8F Aquaculture Fund Japan I LP.  The investors come from a global network of institutional, sovereign and family office investors, including existing 8F and new Japanese investors. The majority of the equity will be allocated towards the Japan facility.

Soul of Japan also secured senior, long-term financing from a syndicate of Japanese banks led by Sumitomo Mitsui Banking Corporation.

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