Hyde Road has been operating an aquaculture facility in Dixon, California, since 2014

fishfarm

Hyde Road is a fully operational commercial fish farm. (Credit: Efes Kitap from Pixabay)

Hyde Road Agricultural Associates has secured funds from Hunter Street Partners and CapitalView Investment Partners to further develop an aquaculture facility in California, US.

Hunter Street and CapitalView will offer a $14m senior term loan to Hyde Road, which has been operating an aquaculture facility in Dixon of California since 2014.

Hyde Road, a fully operational commercial fish farm, has a large inventory of antibiotic-free white sturgeon, black bass, silver carp, and striped bass.

Hunter Street CEO and CIO Neal Johnson said: “We continue to see significant opportunities to partner with small and medium-sized businesses that don’t have access to the traditional financing markets, and the latest macro dislocation will only increase that demand.”

Hyde Road will use the proceeds to fund capital improvements at its aquaculture facility, in addition to refinancing existing debt.

Hyde Road will use funds to build an additional indoor hatchery, grow tanks, and an onsite processing facility

The funds will be used by the company to build an additional indoor hatchery, grow tanks, and an onsite processing facility that facilitates large‐scale processing of harvested stock.

Hyde Road said that it has made significant long‐term investments in developing its healthy stock of white sturgeon that is currently harvesting via sustainable modes.

Hunter Street partner Andrew Platt said: “We’re pleased to support the growth and further development of the Company’s sustainable aquaculture facility, which at scale will represent a meaningful share of the domestic and global market for white sturgeon.

“This deal is an example of our ability to custom craft loan terms for a niche business in an attractive and growing market segment – sustainable domestic aquaculture. We are excited to partner with the Company as they achieve their next level of growth.”

In February, feed additives provider Bluestar Adisseo has signed an agreement with biotechnology company Calysta to commercialise feed solution, FeedKind, in the aquaculture sector.