Copyright 2016 by Encourage Capital. All rights reserved.
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Case Study

January 10, 2016

The Mariscos Strategy : An Investment Blueprint for Small-Scale Fisheries in Chile

Publisher: Encourage Capital

Funders: Rockefeller Foundation, Bloomberg Philanthropies

Authors: Kelly Wachowicz, Trip O’Shea, Alex Markham

Encourage Capital has worked with support from Bloomberg Philanthropies and The Rockefeller Foundation to develop an impact investing strategy supporting the implementation of sustainable fishing improvements in a portfolio of small-scale, multispecies fisheries in Chile. The Mariscos Strategy is a hypothetical $7.0 million impact investment to protect seven small-scale fisheries along the Chilean coastline. The $7.0 million would fund the implementation of fisheries management improvements across the fisheries, and be used to expand an existing consumer packaged goods company producing gourmet “heat-and-eat” meals for Latin American consumers. The Mariscos Strategy is focused on generating an 11.1% base case equity return, while simultaneously protecting the multispecies stock biomass from current and future overfishing, enhancing almost 550 fisher livelihoods across seven fishing communities, and safeguarding the supply of over 5 million meals-to-market annually.