Stafford Capital Partners forms partnership with Neptune NRCP LLC
Seafood investor Thor Talseth and leading private markets investment group Stafford Capital Partners (“Stafford”) have together formed Neptune NRCP LLC (“Neptune”), a new aquaculture-focused asset manager.
Seafood investor Thor Talseth and leading private markets investment group Stafford Capital Partners (“Stafford”) have together formed Neptune NRCP LLC (“Neptune”), a new aquaculture-focused asset manager.
Founding partner Thor Talseth has announced a partnership with Stafford, a global alternatives manager with over USD 5bn of assets under management across real assets and private markets, to form Neptune. Thor is an aquaculture industry veteran and former Private Equity Executive at AMERRA Capital Management in New York. Jos Boeren, Head of Stafford Ag & Food, will be joining the board of Neptune.
Neptune has launched a private equity fund called Neptune Aquaculture PE Fund (“NAPE I”). NAPE I is targeting investments in the aquaculture value chain.
“With its unparalleled growth, competitive ESG parameters and substantial development potential, the global aquaculture industry offers great opportunities for investors”, said Thor.
“NAPE I is targeting medium sized aquaculture companies in Europe, the Americas and Australasia. We are partnering with business owners and robust management teams to deliver lasting operational improvement and sustainable growth”. “ESG is at the heart of everything we do”, said Thor. “Aquaculture is fundamentally about working with nature to create value. We abide by the highest performance standards and are relentless in our focus on driving production improvements and measurable ESG outputs that satisfy customers, regulators and investors alike”.
Neptune achieved a first close in NAPE I in Q3 2019 and an initial controlling investment in AquaShip AS, together with AMERRA Capital Management, was completed in September. “Neptune is committed to building value for our investors by investing in well-positioned companies with significant growth potential”, said Thor. “We have a robust pipeline of investment opportunities worldwide. Our first investment into AquaShip, a leading integrated service-vessel company serving the global aquaculture industry, provides a good illustration of how we invest in well-positioned platform companies that we will develop and grow organically and through acquisitions.”
“We’re delighted to have partnered with Thor to form Neptune”, said Jos. “Thor’s operational track record and credibility within the industry, leading ESG credentials and deep industry insight are well-known. We are further excited by this opportunity to bring the aquaculture industry, which has such strong value creation potential, to our global investor base”.
“The aquaculture sector is substantial in size and growing strongly but remains significantly under-invested and highly fragmented. There is a tremendous opportunity to consolidate and expand businesses operating in the sector – right across the value chain.”
“Stafford’s position in the market as a leading global alternatives manager makes them a good fit for Neptune”, said Thor. “Together we have built an investment platform that offers investors access to the compelling aquaculture industry through a team of industry specialists, backed by a significant and well-capitalized partner. We are very excited to build out NAPE I and start to realize the enormous potential that the aquaculture industry offers.”
About Neptune NRCP LLC
Neptune NRCP is an independent asset management firm investing in the global aquaculture value chain. With more than 100 years of investing and executive experience, Neptune is uniquely positioned to generate shareholder value in a sustainable and high-growth sector.
For more information, please visit https://www.neptune-nrcp.com
About Stafford Capital Partners, Inc.
Stafford Capital Partners is an independent boutique investment firm focused on real assets and private markets with over USD %%AuD%%bn of assets under management and advice*. Stafford specializes in investments across timberland, infrastructure, agriculture & food, private equity and private credit. It has offices in 7 countries across Europe, the Americas, Asia and Australasia and employs 60+ professionals. Stafford is a signatory to the UN-backed Principles of Responsible Investing.
* As of 30 September 2023
For more information, please visit https://www.staffordcp.com
Contact
Neptune: Thor Talseth, +1 929 202 3090, thor@neptune-nrcp.com
Stafford Capital Partners: Jos Boeren, +33 695 24 33 81, josboeren@staffordcp.com