Tsao-backed vehicle co-launches $75m Asia Ocean Fund

Two high-profile names from opposite sides of the world — Asian shipping tycoon Chavalit Frederick Tsao and Norwegian impact investor Tharald Nustad — have teamed up to create a new ocean impact vehicle aimed squarely at Asia. The pair yesterday unveiled the Asia Ocean Fund, a $75m investment initiative co-managed by Tsao’s Octave Capital and …