Aquaculture goods producer Hyde Road secures $14m loan

Hunter Street Partners and CapitalView Investment Partners have agreed to provide a senior term loan to aquaculture products producer Hyde Road Agricultural Associates in California, US.

The $14m loan from Hunter Street and CapitalView will be used by the company to fund capital improvements at its aquaculture facility and to refinance existing debt.

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.”

Based in Dixon, California, Hyde Road operates a commercial fish farm with a large inventory of antibiotic-free white sturgeon, black bass, silver carp, and striped bass.

Since 2014, Hyde Road has made significant investments in the aquaculture facility for increasing the stock of white sturgeon.

The new financing will see the addition of new indoor hatchery, grow tanks, as well as an on-site processing facility that will be capable of large‐scale processing of harvested stock.

Hunter Street CIO and CEO 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.”