The Meloy Fund, which is investing in coastal and fishing communities in Indonesia and the Philippines, has closed a $7 million capital investment from the Global Environment Facility and family office Ceniarth, after raising $10 million in August.
The fundraising also includes a USAID guarantee for the fund’s investors. The Meloy Fund is managed by conservation organization Rare, which is looking to raise a total of $20 million for the fund.
