Minderoo Foundation pledges to support ocean health and the blue economy

Minderoo Foundation invests $5.9M in the ReOcean Fund to drive ocean restoration, sustainable seafood and data transparency

The Minderoo Foundation’s Strategic Impact Fund (SIF) has committed €5 million (U.S. $5.9 million) to the ReOcean Fund, a new initiative to restore ocean health and build a sustainable blue economy.

Announced during New York Climate Week, the investment supports a fund established by the Prince Albert II of Monaco Foundation and Monaco Asset Management. ReOcean focuses on tackling plastic pollution, advancing sustainable seafood, restoring marine ecosystems and improving transparency in ocean data.

“Real progress can only be achieved through collaboration,” said HSH Prince Albert II of Monaco. “Collaboration with scientists, NGOs, political leaders, but also with the private sector. That is why engaging the investment community is so important. Its role is essential to drive the change we urgently need.”

The (U.S.) $5.9 million commitment is expected to expand the ReOcean Fund’s portfolio and support a new wave of ocean-focused innovations. Forrest said the investment also reflects Minderoo Foundation’s aim to use private capital for public benefit, positioning itself between traditional philanthropy and commercial finance.

“Healthy oceans are central to a fair future,” said Dr. Andrew Forrest AO, co-founder of the Minderoo Foundation. “By backing the ReOcean Fund, we are showing how private capital can deliver impact to scale solutions that protect our environment and people. This is about turning innovation into impact where it matters most.”

The investment aligns with the Minderoo Foundation’s broader agenda, which focuses on reducing waste in marine environments, accelerating the shift toward sustainable seafood systems and restoring biodiversity in degraded ecosystems. It also aims to enhance access to reliable, science-based ocean data, providing policymakers and industry leaders with better information for decision-making.

Minderoo Foundation’s Strategic Impact Fund, worth about $163 million, backs companies and initiatives that deliver large-scale solutions to global challenges while generating risk- and impact-adjusted returns. To date, it has committed more than $81 million across priority areas, including natural ecosystems, gender equality, thriving communities and plastics and human health.

The fund has also allocated $16 million to support sub-commercial ventures and blended finance models that can accelerate impact.

“Our oceans are facing unprecedented threats. We need bold, science-led innovation to reverse the damage,” said Dr. Forrest. “By investing in the ReOcean Fund, Minderoo is backing entrepreneurs and technologies that can deliver measurable impact at scale. These are solutions that not only protect marine ecosystems but also support livelihoods and climate resilience.”

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