Asia | December 5, 2017

Investors commit $7 million more to Asia’s sustainable fisheries

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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.