Pacifico Aquaculture secures funding for expansion from Equilibrium Capital and Butterfly Equity
Pacifico Aquaculture, a leader in sustainable aquaculture known for its Pacifico True Striped Bass, has announced securing project financing from Equilibrium Capital. Additionally, a significant equity investment from a consortium led by Butterfly Equity and a major U.S. public pension fund will fuel the expansion of its operations in Baja California.
Pacifico Aquaculture to Expand Nursery Facility with New Funding
With the newly acquired funds, Pacifico Aquaculture is poised to fully finance its nursery facility and enhance its production capabilities to align with the growing demand for sustainably farmed striped bass. This move is set to further solidify the company’s position in the $290 billion global aquaculture industry.
Pacifico’s Market Position Strengthened by Investment for Sustainable Striped Bass
Since its inception in 2010, Pacifico Aquaculture has become the only commercial producer of ocean-raised striped bass worldwide, leveraging proprietary technology. Addressing the challenge of overfishing and seasonality in wild-catch fisheries, Pacifico offers a year-round supply of striped bass to high-end culinary professionals and retailers across North America.
Sustainability and Innovation at the Forefront for Pacifico Aquaculture with New Equity Investment
The company’s commitment to sustainable practices is underlined by its achievement of a four-star Best Aquaculture Practices certification, a first for a marine fish farm in Mexico. The incoming investment will enable Pacifico to erect a cutting-edge nursery facility, expanding their annual production capacity to 20,000 metric tons.
Equilibrium Capital, a significant player in controlled environment agriculture investment, is set to provide project financing for Pacifico’s ambitious nursery project. Meanwhile, the RAS technology will be supplied by Billund Aquaculture, with equity provided by Butterfly Equity, a leading public pension fund, and others. Specifics of the financial terms remain confidential.
Nick Houshower of Equilibrium emphasized the importance of investing in controlled environment facilities as part of the agriculture infrastructure evolution. With Equilibrium’s focus on climate-resilient infrastructure, the partnership with Butterfly aims to elevate Pacifico’s production to meet global seafood demands.
Butterfly’s Dustin Beck highlighted the importance of this investment for sustainable aquaculture growth in North America and expressed enthusiasm for the future prospects of Pacifico Aquaculture under the leadership of CEO Per-Roar Gjerde. Butterfly’s partnership with Equilibrium reflects a shared vision of establishing Pacifico as a preeminent aquaculture platform.