King Street and Tor Investment Management Provide $110 Million Financing to Soul of Japan
- Editor
- Feb 6
- 2 min read
What's Happening: King Street Capital Management and Tor Investment Management have announced a $110 million financing solution for Soul of Japan, a 10KT land-based Atlantic salmon farm project in Tsu City, Japan. The project, backed by 8F Asset Management, aims to establish a locally produced supply of Atlantic salmon in Japan.
The Key Moves:
The financing will support ongoing construction and completion of the Soul of Japan farm project, which began in 2023.
Soul of Japan will operate a state-of-the-art recirculating aquaculture system, becoming the largest land-based facility in Asia.
The project aims to address the growing demand for sustainably sourced Atlantic salmon in the Japanese market.
By The Numbers :
The financing solution amounts to $110 million.
King Street manages more than $27 billion in assets across public and private markets.
Tor Investment Management has $2 billion under management.
Key Quotes:
"We are excited to partner with both the Tor and SOJ teams to support the growing demand for sustainably sourced, high-quality Atlantic salmon to the Japanese market and beyond," said Zachary Lewis, Managing Director at King Street.
"Tor is proud to collaborate with King Street and SOJ on funding for this significant project in Japan, which will continue the regional growth of critical infrastructure, developing the supply of sustainable protein with efficient use of resources," said Sean Pepper, Managing Director at Tor.
"This transaction is another validation of our strategy and its advanced implementation. We look forward to working with both King Street and Tor to supply Japan with locally produced Atlantic salmon and to further the expansion of Pure Salmon globally," said Karim Ghannam, Co-Founder and Chief Investment Officer at 8F.
The Bottom Line: The $110 million financing for Soul of Japan represents a significant investment in sustainable aquaculture and local food production in Japan. This project aims to meet the growing demand for Atlantic salmon while addressing environmental concerns and promoting food self-sufficiency in the country.
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