Fortress Investment Group and affiliates lead preferred note investment of over USD 180 million in Pure Salmon Japan's land-based salmon farming facility

Fortress Investment Group and its affiliates led a preferred note investment of over USD 180 million in Pure Salmon Japan, a land-based salmon farming facility under development in Mie Prefecture, Japan. The investment, which includes participation from existing investor Tor Investment Management, completes the preferred note financing for the project and supports the construction of what will become Japan's largest land-based salmon farm with a target production of 10,000 tonnes. Once operational, the facility will leverage advanced recirculating aquaculture system (RAS) technology to produce high-quality Atlantic salmon sustainably and locally, addressing Japan's domestic demand and enhancing food security. The project aligns with national policies promoting sustainable aquaculture and reducing reliance on seafood imports. Fortress highlighted its long-standing presence in Japan, including investments in hospitality and retail platforms, and emphasized the strategic importance of this facility for the country's food production infrastructure.

Counterparts (5)

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.

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.

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.

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.