Hamilton Locke has advised Atlantis Fisheries Consulting Group on the design and launch of a new wholesale managed investment scheme, the Australian Fisheries Investment Trust, which opened to investment last week.
The scheme will raise capital to invest in a portfolio of sustainable Australian fisheries assets, a novel asset class with low correlation to traditional assets, and which has typically been an illiquid and hard to access investment.
Commenting on the fund launch, Partner Erik Setio said: “Congratulations to Atlantis on the successful launch of their exciting new alternative asset fund, which marks a significant milestone in the fishing industry. We were delighted to have worked with the Atlantis team from start to finish, and wish them all the best in delivering for their investors.”
Anthony Ciconte has stated in respect of the fund launch: “Atlantis are excited to offer this unique opportunity to invest into an asset class not easily available to mainstream investors, at an early evolving stage of regulation, and at the cusp of the introduction of new seafood labelling laws and global strategies to support climate action, food security, and ocean conservation. Thanks to Hamilton Locke for their diligent advice and ongoing support throughout the fund build.”
Our team at Hamilton Locke was led by Partner Erik Setio with assistance from Senior Associate Nick Huett and Lawyer Annabelle Parmegiani.
