Congratulations Ricardo Bayón, Class of '85, founding partner of Encourage Capital and the Team at Encourage Capital for creating a new holding company, Pescador Holdings, aimed at helping make fishing more sustainable. Additionally, they have just announced that their first investment will be a sustainable seafood company in Chile. Encourage Capital is a new kind of investment firm that seeks to change the way investment capital is used to solve critical environmental and social problems.
According to Ricardo, "Two years ago Encourage began an experiment to see if we could turn the whole concept of impact investment on its head? What if instead of retrofitting the impact to the investment, we could design the investment around the impact? What would that look like? So we worked with some great partners like the Bloomberg Foundation, the Rockefeller Foundation, RARE and Oceana on a specific issue: the collapse of the world's fisheries. We asked ourselves: could we design an investment that would both help address the problem of fisheries collapse at the same time that it made money for investors? So we set out to create such an investment product." Today they have come full circle and actually turned one of those ideas into reality. Read more here. Encourage Capital is also looking into innovative ideas for investments that may help reduce the plastic contamination of the world's oceans.