Blue Revolution Fund Portfolio Impact Report 2024

The report opens with a leadership perspective emphasizing the urgency of investing in sustainable aquaculture, given the recent milestone where farmed aquatic animal production surpassed wild capture fisheries globally. The Blue Revolution Fund (BRF) was founded to direct private capital into aquaculture solutions that promote ocean health, climate resilience, and equitable community benefits. The report details the fund’s collaborative approach between The Nature Conservancy (TNC) and Hatch Blue, highlighting their science-based impact management framework. This framework ensures that investments deliver tangible environmental and social benefits, such as reducing greenhouse gas emissions, improving water quality, and creating sustainable jobs.

BRF’s portfolio currently includes six companies across categories like alternative protein, enabling technologies, and aquaculture health solutions. Early highlights include companies like New School Foods, which developed plant-based seafood alternatives that significantly reduce greenhouse gas emissions compared to traditional aquaculture. The fund also works closely with companies to measure their contributions to specific impact metrics, such as habitat restoration, nitrogen removal, and sustainable seafood production. Although the portfolio is still in early stages, it shows progress in areas like emissions reduction.

Looking forward, BRF plans to expand its guidance for pre-investment due diligence, particularly in seaweed and bivalve aquaculture, offshore systems, and land-based operations. It aims to share best practices with other investors and strengthen confidence in sustainable aquaculture as a competitive investment sector. Through collaboration and innovation, BRF aspires to catalyze the growth of a regenerative blue economy that can sustain both people and the planet.