Meloy Fund invests in Philippines' JAM Seafoods
The Meloy Fund, a U.S.-based impact investment fund, announced 6 December, 2022 it has invested in JAM Seafoods, a seafood-processing company promoting sustainable fisheries in the Philippines.
Meloy Fund was founded in 2016 to conduct impact investment supporting sustainable coastal fisheries in Indonesia and the Philippines.
The fund said its latest investment, the value of which has not been revealed, will stimulate JAM’s growth and expansion, better post-harvest handling of fish through the construction of ice plants in major sourcing locations, and provide pre-financing for fishing trips ...
Photo courtesy of the Meloy Fund