The facility in construction is expected to be one of the most advanced land-based salmon farms in the world
Pure Salmon Japan -know before as Soul of Japan-, a portfolio company of 8F Asset Management (8F), just announced the successful closing of a preferred note investment of over USD 180 million, led by funds managed by affiliates of Fortress Investment Group with participation from Tor Investment Management, an existing investor in the project. The transaction completes the preferred note financing for the project and marks a significant milestone in the continued development of its land-based salmon farming facility in Japan, where construction is well underway.
“We are deeply encouraged by the dedication and conviction shown by our investors in supporting Pure Salmon Japan through this financing. Their commitment underscores the strategic importance of this project and the growing relevance of sustainable domestic seafood production in Japan. We are grateful for that support, and we remain fully focused on executing the project responsibly and successfully” said Erol Emed, CEO of Pure Salmon Japan.
Pure Salmon Japan is spearheading a state-of-the-art recirculating aquaculture system (RAS) facility designed to deliver high-quality, sustainable Atlantic salmon locally in Japan. With a target production of 10,000 tons, the facility will become the largest land-based salmon farm in the country.
The investment highlights Fortress’ support for the Pure Salmon Japan project, bringing substantial institutional capital and first-class regional expertise to advance the development of one of the most ambitious land-based aquaculture facilities in the world.
Focus on Enhancing Food Security
The project meets growing domestic demand for premium seafood while strengthening national food security and reducing reliance on imports through stable, locally produced supply of salmon. By leveraging advanced RAS technology, the facility ensures efficient, environmentally responsible production close to key consumption markets. The project aligns with Japan’s increasing policy focus on enhancing food security and promoting domestic seafood production through sustainable aquaculture solutions.
“We are very pleased to complete this financing and to partner with Fortress on Pure Salmon Japan,” said Pier Paolo Sfara, Chief Investment Officer at 8F Asset Management. “Fortress brings not only strong institutional capital but also deep experience investing across global markets, including Japan. Their involvement represents another important step forward for the project and reflects strong confidence in our platform. With construction well underway, we are focused on delivering a world-class facility for the Japanese market.”
Building a Network of Large-Scale, Land-Based Facilities
This financing will support the ongoing construction and development of the Pure Salmon Japan facility as it progresses toward operations. Once completed, the facility is expected to be one of the most advanced land-based salmon farms in the world, contributing to a more sustainable and resilient seafood supply chain in Japan. The company also expects to engage with a select group of long-term equity partners as the project continues to advance.
The transaction underscores continued institutional investor interest in sustainable aquaculture and the growing demand for locally produced protein in key global markets.
Located in Mie Prefecture
Pure Salmon Japan is part of the Pure Salmon platform developed by 8F Asset Management, focused on producing sustainable, high-quality Atlantic salmon through land-based recirculating aquaculture systems. The project is located in Mie Prefecture and is designed to supply fresh, locally produced salmon to the Japanese market.
“Pure Salmon Japan is a key project within our global Pure Salmon platform,” said Stephane Farouze, Founder and Chairman of 8F Asset Management and Pure Salmon. “We are building a network of large-scale, land-based aquaculture facilities to sustainably produce high-quality salmon close to end consumers. Japan is a strategically important market, and this project reflects our long-term commitment to developing resilient, local food production systems.”
8F Asset Management is a global investment group focused on sustainable food systems, with a particular emphasis on aquaculture and the development of scalable, environmentally responsible protein solutions.
