The Meloy Fund

What The Meloy Fund does

The Meloy Fund is a $20M private impact investment fund established in 2017 and sponsored by Rare, Inc., a 501(c)(3) global conservation organization headquartered in Arlington, Virginia. The fund makes debt and equity investments in small and medium enterprises across the fishing and seafood value chain in Indonesia and the Philippines, targeting a triple-bottom-line return: financial returns alongside measurable social outcomes (improved fisher livelihoods, reduced debt bondage) and environmental outcomes (sustainable fisheries, improved marine habitat management). Underlying "technology" consists of proprietary Environmental and Social Guidelines, a triple-bottom-line impact measurement dashboard, and Fishery Improvement Project frameworks rather than software products.

The fund pairs every investment with a Technical Assistance Facility funded by SECO, providing in-kind grants for business improvement (financial management, corporate governance) and fisheries technical assistance (fisher engagement, FIP development, MSC certification support). The fund's General Partner is Rare, Inc., while day-to-day investment management is contracted to Deliberate Capital, LLC, an emerging manager recognized by Impact Assets 50 in 2021, 2022, and 2025. The capital structure combines commercial capital (JPMorgan, Grantham Trust) with concessional finance (FMO, GEF, USAID partial guarantee), enabling competitive deal terms in a sector chronically starved of risk capital.

The portfolio comprises 9 active investments and 3 realized exits across seafood processing, aquaculture technology, supply chain technology, seaweed trading, and aquaculture financing, with anchor holdings including JAM Seafoods (Philippine tuna processor, $6M debt, 2022) and JALA Tech (Indonesia shrimp aquaculture platform, $6M co-investment with Mirova and Real Tech Fund, 2021). Deliberate Capital has also been appointed Fund Manager for the Global Fund for Coral Reefs $500M Equity Fund operating across 34 countries, extending the Meloy playbook into coral reef conservation finance.

Name

The Meloy Fund

Legal name

The Meloy Fund for Sustainable Community Fisheries

Website

https://meloyfund.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

The Meloy Fund is a $20M private impact investment fund that provides debt and equity capital, paired with technical assistance grants, to small and medium enterprises in the fishing and seafood value chain across Indonesia and the Philippines. It is sponsored by Rare, Inc. and managed by Deliberate Capital.

Ownership category

akta.pro rank

Product category

Impact Investment Fund (Sustainable Fisheries)

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Sustainable Agriculture & Food Systems Funds (FSANAJAE)

akta.pro secondary industries

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), Biodiversity, Conservation & Natural Capital Funds (FSANAJAG)

Keywords

• Impact investment fund
• Sustainable fisheries financing
• Blended finance capital
• Coastal aquaculture investments
• Triple bottom line returns

Headquarters

HQ city

Arlington

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Returns (Equity and Debt): The Meloy Fund generates returns through debt instruments (loans with interest) and equity investments (preferred equity) in fishing-related enterprises. Returns are distributed to Limited Partners (investors) after fund expenses and management fees. The fund has a ten-year life with harvest period through 2028.
2. Fund Management Fees: Deliberate Capital, as Fund Manager, earns management fees for administering the Meloy Fund and more recently the Global Fund for Coral Reefs (GFCR) $500M Equity Fund.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

The Meloy Fund for Sustainable Community Fisheries is a closed-end impact investment fund that makes direct debt and equity investments in small and medium enterprises operating in coastal fisheries and seafood supply chains in Indonesia and the Philippines. Investments are paired with a Technical Assistance Facility providing in-kind grants for business improvement and sustainable fisheries practices, targeting triple-bottom-line returns for people, nature, and investors over a ten-year fund life through 2028.

Product overview

The Meloy Fund is a single impact investment fund (The Meloy Fund for Sustainable Community Fisheries) that operates with a complementary Technical Assistance Facility providing grants alongside capital investments. The fund makes debt and equity investments in fishing-related enterprises across Indonesia and Philippines, with a Global Fund for Coral Reefs related initiative expanding the model. Key portfolio companies include Jala Tech (shrimp aquaculture technology), Koltiva (supply chain technology), Aquarev (aquaculture financing), and various seafood processing companies. The fund focuses on sustainable fisheries, providing financing paired with technical assistance for business improvement and fisheries management.

Differentiator

Problem solved

Functional benefit

Products and services

• The Meloy Fund for Sustainable Community Fisheries A closed-end $20M impact-first investment fund that makes debt and equity investments in fishing and seafood-related SMEs in Indonesia and the Philippines, targeting triple-bottom-line returns for people, nature, and investors. The fund has a ten-year life through 2028.
• Technical Assistance Facility Grant-funded in-kind support provided alongside equity or debt investments, focusing on business improvement services (financial management, operational efficiencies, corporate governance) and fisheries technical assistance (fisher engagement, FIP development, health and safety training).
• Global Fund for Coral Reefs Equity Fund A $500M equity fund (part of the broader $625M Global Fund for Coral Reefs blended finance instrument) for which Deliberate Capital serves as Fund Manager, focused on coral reef conservation and restoration across 34 countries.
• Portfolio Investment Services Provides debt and equity financing to investee companies in wild-caught seafood, aquaculture, processing, and trading, paired with support for business growth in financial management, corporate governance, operations, marketing, and sustainable seafood practices.

Quantifiable outcome

• Projected to positively impact 100,000 fisher household members over ten-year fund life
• +4 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and major.

• Conservation InternationalminorStrategic or Co-development PartnerConservation International houses the CI-GEF Project Agency, which manages the accountability and grievance mechanism for the Meloy Fund. CI's Ethics Hotline is available for reporting concerns.
• WWF PhilippinesmajorStrategic or Co-development PartnerWWF collaborates with the Meloy Fund's Technical Assistance Facility and JAM Seafoods to support the Philippine Tuna Handline Partnership (PTHP) and sustain MSC certification efforts.
• Marine Stewardship Council (MSC)majorStrategic or Co-development PartnerMSC certifies sustainable fisheries under globally recognized standards. The Meloy Fund supports the first MSC-certified fishery in the Philippines (Philippine Tuna Handline Partnership) through its TA Facility.
• HATCHminorStrategic or Co-development PartnerHATCH (Norway, Singapore, Hawaii) is a current investor in JALA Tech and provides acceleration and investment services to aquaculture and fisheries startups.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mirova: Natixis Investment Managers' sustainable investing affiliate and dedicated impact fund manager. Mirova directly co-invested with Meloy in JALA Tech's $6M round, making it a peer in the aquaculture/sustainable-seafood impact investing space with substantially larger AUM.
• Encourage Capital: Impact investment firm that builds and manages funds targeting ocean conservation and sustainable fisheries. Strongly comparable as a specialized blue-economy fund manager using blended finance structures similar to Meloy's.
• Real Tech Fund: Japan's leading deep-tech VC that co-invested the $6M JALA Tech round with Meloy and Mirova. A peer in providing early-stage capital to sustainable aquaculture technology companies in Asia.
• Pegasus Capital Advisors: Overall lead for the Global Fund for Coral Reefs and the firm that selected Deliberate Capital/Meloy to serve as Fund Manager for GFCR's $500M Equity Fund. A direct peer in ocean-impact blended finance, operating at substantially larger scale.
• Aqua-Spark: Dutch impact investment fund focused exclusively on sustainable aquaculture across the value chain. Highly comparable to Meloy's aquaculture-financing thesis and seafood SME focus, operating globally with a similar blended finance and technical assistance orientation.
• New Island Capital: Investment company founded by Meloy Impact Committee member Charles Ewald, focused on alternative energy, environment, and sustainable agriculture. Direct comparable as a mission-aligned, privately managed impact investment firm with overlap in sustainable natural resources.
• HATCH: Norway/Singapore/Hawaii-based aquaculture and fisheries accelerator and investor, co-invested in JALA Tech alongside Meloy. Operates a similar model of early-stage capital plus hands-on acceleration for aquaculture startups in Southeast Asia.

Broad incumbents

• Acumen: Established impact investment fund manager with portfolios across emerging markets in agriculture and livelihoods. Comparable as an SME-focused impact investor but operating at much greater scale and breadth than Meloy's fisheries niche.
• Conservation International Ventures: Conservation NGO that houses the CI-GEF Project Agency managing Meloy's accountability mechanism, and operates adjacent ocean-finance vehicles. Relevant as a strategic partner and broader incumbent in marine conservation finance.
• S2G Ventures: Large-scale food and agriculture impact venture fund. Overlaps with Meloy in sustainable aquaculture and seafood supply chain investing, but as a broad incumbent across the entire food system rather than a fisheries specialist.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/rare_org
• LinkedInlinkedin.com/company/rare

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Meloy Fund