Phoebe Higgins
Upcoming SlideShare
Loading in...5
×

Like this? Share it with your network

Share
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
789
On Slideshare
194
From Embeds
595
Number of Embeds
4

Actions

Shares
Downloads
1
Comments
0
Likes
0

Embeds 595

http://sustainontario.com 334
http://hypelabs.ca 136
http://impactinvesting.marsdd.com 121
http://localhost 4

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. California Fisheries FundPartnering with Private and Institutional InvestorsFood, Farms, Fish and FinanceToronto | May 25, 2013
  • 2. AgendaDefining the ProblemInvestment StrategyCFF: A Case StudyNew Opportunities
  • 3. Fisheries Landscape• $100 billion global industry• USA: $5.3 billion, 186k jobs• Canada: $1.9 billion, 52k jobs• Pacific region: $710 million,17k jobsSources: World Bank, FAO, NOAA
  • 4. Overview
  • 5. EnvironmentalConservationStrong PortCommunitiesProfitableFishingObjectives
  • 6. Owen Hackleman• Young, new entrantfisherman• Trap gear fortargeting black codLoan Portfolio
  • 7. Bettencourt & Son• CFF loan for trapfishing gear• Taking advantage ofnew gear regulationsLoan Portfolio
  • 8. Wild Planet• Partnership withcommercial bank• Build newinfrastructureLoan Portfolio
  • 9. CFF StructureAdvisoryCommittee• Maintain conservation vision• Evaluate mission alignment of dealsCreditCommittee• Evaluate borrower creditworthiness• Ensure compliance with loan policyGoverningBoard• Guide CFF vision• Review + approve all loans
  • 10. CFF Structure$3.8 M available$1.7 M in portfolio11 borrowers 14 loans
  • 11. Investors• Create jobs, Increase tax receipts, Coastal conservationState of California• Grant to marine fund, Ultimately invest through PRI loanFoundation 1• Grant to “do good,” Promote long-term change modelFoundation 2• Complement funder’s program objectives, Quick successFoundation 3
  • 12. • Capital alone is not enough• Regulatory process = really important• Small target market• High cost of operationsLessons Learned
  • 13. New Opportunities• Tracking/traceability• Better data collection• Gear innovation avoid bycatch andhabitat damage• Improve infrastructure maintainquality/freshness and good prices• Large seafood buyers should be interestedin preserving sustainable supply chain
  • 14. California Fisheries FundPhoebe Higgins, Directorphiggins@edf.orgwww.californiafisheriesfund.org