Meloy Fund closes Indonesia, PH-focused impact investment vehicle at $22m

Photo from The Meloy Fund's website

US-based impact investment fund The Meloy Fund has announced the final close of its debut fund at over $22 million, with Dutch development bank FMO committing $5 million, to support sustainable coastal fisheries in Indonesia and the Philippines.

In a statement, the fund, which is a wholly-owned subsidiary of global conservation organization Rare, said it received commitment from a diverse group of family offices, investment managers, and foundations for The Meloy Fund I LP.

The Meloy Fund’s investors and partners include the Global Environment Facility, the Jeremy and Hannelore Grantham Environmental Trust, the US Agency for International Development (USAID), and JPMorgan Chase & Co.

The fund is projected to have a positive impact on the lives of 100,000 fisheries household members and place 1.2 million hectares of coastal habitats under improved management over its ten-year life.

“The Meloy Fund seeks to invest in fishing and seafood-related enterprises in Indonesia and the Philippines that will lead to better management and protection of historically undervalued community-based coastal fisheries, as well as opportunities to boost the livelihoods of local, small-scale fishers,” according to a statement on its website.

The Meloy Fund offers debt and equity financing tailored to the investee’s needs. Additionally, it may also provide technical assistance to support business growth, including financial management, corporate governance, operations, marketing, and sustainable seafood best practices.

FMO, which invested $5 million in the fund, invests in over 80 countries, supporting jobs and income generation. A supporter of the United Nations’ Sustainable Development Goals, FMO’s role extends beyond financing, helping businesses to operate and grow transparently in an environmentally and socially responsible manner.

“FMO is proud to join the Meloy Fund and contribute to the creation of economic opportunities for small-scale fisheries in Indonesia and the Philippines,” said Maurice Scheepens, Investment Officer of the Agri, Food & Water department at FMO.

The Meloy Fund is focused on Indonesia and the Philippines, which together represent 4.3 million small-scale fishers, 2.7 million tons of fish, 21 million hectares of critical marine habitat, and $4 billion latent value in small-scale fisheries.

Also Read:

Northstar’s impact investment vehicle backs Indonesian social enterprise Du’Anyam

Impact investments in Myanmar gather momentum but still to scale up

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.