Fortress Investment Group affiliates lead USD 180 million preferred note financing for Pure Salmon Japan's land-based salmon farming facility

Affiliates of Fortress Investment Group led a preferred note financing of over USD 180 million for Pure Salmon Japan, a portfolio company of 8F Asset Management, to advance construction of its land-based salmon farming facility in Mie Prefecture, Japan. The transaction marks the completion of the project's preferred note financing and supports the development of what will become Japan's largest land-based salmon farm, targeting 10,000 tonnes of annual production. Once operational, the facility will employ advanced recirculating aquaculture systems (RAS) to produce high-quality Atlantic salmon sustainably, reducing Japan's reliance on imports and strengthening national food security. Fortress Investment Group's involvement underscores its commitment to sustainable food production infrastructure in Japan, where it has previously built leading hospitality, residential, and retail platforms supporting over 20,000 jobs. The financing includes participation from Tor Investment Management, an existing investor in the project, and positions Pure Salmon Japan as a key player in the country's domestic seafood supply chain.

Counterparts (5)

Lender

Fortress Investment Group

company

Fortress Investment Group is a leading global investment manager with a focus on alternative assets, including private equity, credit, real estate, and permanent capital vehicles. The firm opportunistically invests across a broad range of infrastructure assets, seeking value-oriented opportunities in essential services, transportation, logistics, digital infrastructure, and energy transition.

Investor

Tor Investment Management

company

Affiliate of Fortress Investment Group

company

New York-based global investment manager with approximately $48.1 billion in assets under management as of December 2023. Invests across a broad range of asset classes including private equity, credit, real estate, and infrastructure, with a focus on opportunistic and distressed investments globally.

borrower

Pure Salmon Japan

company

Pure Salmon is a global land-based salmon aquaculture company using Recirculating Aquaculture Systems (RAS) to produce sustainable salmon. It operates integrated salmon farms, processing facilities, and pet nutrition divisions across multiple countries.

parent_company

8F Asset Management

company

Singapore-based asset manager specializing in impact investing for vertically integrated aquaculture production using land-based Recirculating Aquaculture System (RAS) technology. Operates globally with offices in Singapore, Abu Dhabi, Hong Kong, London, and Frankfurt.