Pure Salmon Japan Completes Over $180 Million Funding Led by Fortress Investment Group
Pure Salmon Japan has secured over $180 million in senior notes to accelerate the development of Japan's largest land-based Atlantic salmon farming facility.
📋 Article Processing Timeline
- 📰 Published: April 2, 2026 at 02:08
- 🔍 Collected: April 1, 2026 at 17:37
- 🤖 AI Analyzed: April 17, 2026 at 05:08 (371h 30m after Collected)
TOKYO / ABU DHABI, April 1, 2026 — Pure Salmon Japan (formerly Soul of Japan), a portfolio company of funds managed by 8F Asset Management ('8F'), today announced the completion of a funding round exceeding US$180 million (approx. JPY 28.7 billion, at 1 USD = 159.44 JPY) through senior notes. The round was led by funds managed by affiliates of Fortress Investment Group ('Fortress'), with participation from existing investor TOR Investment Management ('TOR').
This transaction completes the senior note funding for the project, marking a significant milestone in the development of the land-based salmon production facility currently under construction in Japan.
This funding reflects Fortress's high evaluation and expectations for the Pure Salmon Japan project. In addition to large-scale institutional capital, Fortress brings extensive investment experience and expertise in Asia, including Japan, to support the steady progress of the project. This is expected to further accelerate efforts toward realizing one of the world's most advanced and large-scale land-based aquaculture operations.
Pure Salmon Japan is developing a state-of-the-art Recirculating Aquaculture System (RAS) facility to supply high-quality, sustainable Atlantic salmon within Japan. With a planned production capacity of 10,000 tons per year, the facility is expected to be the largest land-based salmon production site in the country.
The project addresses growing domestic demand for high-quality seafood and contributes to strengthening food security and reducing import dependency through a stable supply of domestic salmon. Utilizing advanced RAS technology, it enables efficient and environmentally friendly production in locations close to major consumption markets. Furthermore, the project aligns with Japan's increasing policy interest in strengthening food security and promoting domestic seafood production through sustainable aquaculture solutions.
Pier Paolo Sfara, Chief Investment Officer of 8F, stated: 'We are very encouraged to have completed this funding for Pure Salmon Japan and to partner with Fortress. Fortress has a strong institutional investor base and extensive investment experience in global markets, including Japan. Their participation is a significant step forward for this project and demonstrates high confidence in our platform. As construction progresses smoothly, we remain focused on delivering this advanced facility for the Japanese market.'
Stephane Farouze, Founder and Chairman of 8F and Pure Salmon, commented: 'Pure Salmon Japan is a key project within our global Pure Salmon platform. 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 vital market, and this project demonstrates our long-term commitment to building a resilient, locally-rooted food production system.'
Eric Golden, Co-Head of Asia and Co-Head of Japan Real Estate at Fortress Investment Group, said: 'Fortress has built a long track record of investment in Japan, supporting the growth of leading platforms across hotel, residential, and commercial sectors. Through these efforts, we have contributed to over 20,000 jobs and the development of local communities nationwide. We are pleased to partner with 8F to develop what will be one of Japan's largest fully domestic salmon facilities, meeting high global standards for environmental sustainability. We believe this facility will become a vital food production base for Japan's future.'
Sean Pepper, Managing Director at TOR Investment Management, added: 'We have been involved in this project from an early stage and find it meaningful to support its development alongside Fortress through this funding. We expect this facility to be one of the most significant land-based salmon production projects globally, as well as the largest in Japan.'
Errol Emed, CEO of Pure Salmon Japan, stated: 'We are greatly encouraged by the strong commitment and conviction shown by investors in this funding round. This support recognizes the strategic importance of the project and the rising importance of sustainable domestic seafood production in Japan. We are grateful for this support and remain committed to the steady and appropriate execution of this project.'
With this funding, the construction and development of the Pure Salmon Japan facility will continue steadily toward the start of operations. Upon completion, the facility will be one of the world's most advanced land-based salmon farms, contributing to a more sustainable and resilient seafood supply chain in Japan.
The company also plans to engage in discussions with selected long-term equity investors as the project progresses.
This transaction highlights continued institutional investor interest in sustainable aquaculture and the rising demand for locally produced protein sources in major global markets.
About Pure Salmon Japan
Pure Salmon Japan, as part of the Pure Salmon platform developed by 8F Asset Management, utilizes Recirculating Aquaculture Systems (RAS) to produce sustainable, high-quality Atlantic salmon. Currently under development in Mie Prefecture, it aims to provide fresh domestic salmon to the Japanese market.
About 8F Asset Management
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 conscious protein solutions.
About Fortress Investment Group
Fortress Investment Group LLC is a highly diversified global investment manager. Founded in 1998, it manages $54 billion in assets as of September 30, 2025, across credit, real estate, private equity, and permanent capital for approximately 2,000 institutional and private investors. AUM includes capital Fortress has the right to call or which investors are obligated to contribute. For more details, visit the Fortress website.
About TOR Investment Management
TOR Investment Management is an independent alternative credit manager with $2 billion in assets under management. It invests in corporate and real estate finance across the Asia-Pacific region, managing evergreen funds, closed-end funds, and co-investments for pension funds, sovereign wealth funds, endowments, foundations, and family offices.
This transaction completes the senior note funding for the project, marking a significant milestone in the development of the land-based salmon production facility currently under construction in Japan.
This funding reflects Fortress's high evaluation and expectations for the Pure Salmon Japan project. In addition to large-scale institutional capital, Fortress brings extensive investment experience and expertise in Asia, including Japan, to support the steady progress of the project. This is expected to further accelerate efforts toward realizing one of the world's most advanced and large-scale land-based aquaculture operations.
Pure Salmon Japan is developing a state-of-the-art Recirculating Aquaculture System (RAS) facility to supply high-quality, sustainable Atlantic salmon within Japan. With a planned production capacity of 10,000 tons per year, the facility is expected to be the largest land-based salmon production site in the country.
The project addresses growing domestic demand for high-quality seafood and contributes to strengthening food security and reducing import dependency through a stable supply of domestic salmon. Utilizing advanced RAS technology, it enables efficient and environmentally friendly production in locations close to major consumption markets. Furthermore, the project aligns with Japan's increasing policy interest in strengthening food security and promoting domestic seafood production through sustainable aquaculture solutions.
Pier Paolo Sfara, Chief Investment Officer of 8F, stated: 'We are very encouraged to have completed this funding for Pure Salmon Japan and to partner with Fortress. Fortress has a strong institutional investor base and extensive investment experience in global markets, including Japan. Their participation is a significant step forward for this project and demonstrates high confidence in our platform. As construction progresses smoothly, we remain focused on delivering this advanced facility for the Japanese market.'
Stephane Farouze, Founder and Chairman of 8F and Pure Salmon, commented: 'Pure Salmon Japan is a key project within our global Pure Salmon platform. 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 vital market, and this project demonstrates our long-term commitment to building a resilient, locally-rooted food production system.'
Eric Golden, Co-Head of Asia and Co-Head of Japan Real Estate at Fortress Investment Group, said: 'Fortress has built a long track record of investment in Japan, supporting the growth of leading platforms across hotel, residential, and commercial sectors. Through these efforts, we have contributed to over 20,000 jobs and the development of local communities nationwide. We are pleased to partner with 8F to develop what will be one of Japan's largest fully domestic salmon facilities, meeting high global standards for environmental sustainability. We believe this facility will become a vital food production base for Japan's future.'
Sean Pepper, Managing Director at TOR Investment Management, added: 'We have been involved in this project from an early stage and find it meaningful to support its development alongside Fortress through this funding. We expect this facility to be one of the most significant land-based salmon production projects globally, as well as the largest in Japan.'
Errol Emed, CEO of Pure Salmon Japan, stated: 'We are greatly encouraged by the strong commitment and conviction shown by investors in this funding round. This support recognizes the strategic importance of the project and the rising importance of sustainable domestic seafood production in Japan. We are grateful for this support and remain committed to the steady and appropriate execution of this project.'
With this funding, the construction and development of the Pure Salmon Japan facility will continue steadily toward the start of operations. Upon completion, the facility will be one of the world's most advanced land-based salmon farms, contributing to a more sustainable and resilient seafood supply chain in Japan.
The company also plans to engage in discussions with selected long-term equity investors as the project progresses.
This transaction highlights continued institutional investor interest in sustainable aquaculture and the rising demand for locally produced protein sources in major global markets.
About Pure Salmon Japan
Pure Salmon Japan, as part of the Pure Salmon platform developed by 8F Asset Management, utilizes Recirculating Aquaculture Systems (RAS) to produce sustainable, high-quality Atlantic salmon. Currently under development in Mie Prefecture, it aims to provide fresh domestic salmon to the Japanese market.
About 8F Asset Management
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 conscious protein solutions.
About Fortress Investment Group
Fortress Investment Group LLC is a highly diversified global investment manager. Founded in 1998, it manages $54 billion in assets as of September 30, 2025, across credit, real estate, private equity, and permanent capital for approximately 2,000 institutional and private investors. AUM includes capital Fortress has the right to call or which investors are obligated to contribute. For more details, visit the Fortress website.
About TOR Investment Management
TOR Investment Management is an independent alternative credit manager with $2 billion in assets under management. It invests in corporate and real estate finance across the Asia-Pacific region, managing evergreen funds, closed-end funds, and co-investments for pension funds, sovereign wealth funds, endowments, foundations, and family offices.
FAQ
Why is land-based aquaculture (RAS) gaining attention?
It allows for stable, high-quality fish production near consumption centers, independent of weather or ocean conditions, with low environmental impact.
Why did Fortress participate in this project?
To leverage its extensive investment experience in Japan and support a promising infrastructure project focused on sustainable food production.
When will the produced salmon hit the market?
Funding will accelerate construction, with the goal of reaching a 10,000-ton annual production capacity following the start of operations.