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UAE fund invests in land-based aquaculture

Middle Eastern private equity firm Abu Dhabi Catalyst Partners is placing a bet on land-based fish farming.

The United Arab Emirates-based Abu Dhabi Catalyst Partners “channeled investments in 8F Asset Management’s land-based aquaculture fund, which reached its final close of $ 358.8 million,” according to a press release.

8F Asset Management, which was founded in 2016, is a global investment group that develops land-based fish farms using recirculating aquaculture system (RAS) technology.

8F owns Pure Salmon which has multiple RAS projects in Poland, Japan, France and the United States.

“We are excited to have Pure Salmon establish its global hub in ADGM (Abu Dhabi Global Market) and look forward to seeing their business grow and continue to contribute a significant and positive social and environmental impact,” said James Munce, chief operating officer of Abu Dhabi Catalyst Partners.

The Abu Dhabi Global Market is an international financial centre and free zone located on Al Maryah Island in Abu Dhabi.

Abu Dhabi Catalyst Partners was launched in April 2019.

The firm is a  joint venture between Mubadala Investment Company and Falcon Edge Capital. Abu Dhabi Catalyst Partners has a $1-billion fund aimed at partnering with top-tier investment firms and industry-leading businesses.