SeyCCAT was legally registered under its own Act in November, 2015. With the support of NatureVest, the conservation impact investing unit of The Nature Conservancy (TNC), a groundbreaking debt conversion for marine conservation and climate adaptation was initiated and structured with the Seychelles government. As a result, SeyCCAT was created to manage the blended capital proceeds from the debt conversion and, in exchange, the Seychelles government committed to improved policies and increased investment around marine conservation and climate adaptation.
For detailed information on the debt restructure and deal flow click https://convergence.finance/knowledge-detail/3p1S3pSTVKQYYC2ecwaeiK.
Following this financial innovation, SeyCCAT is now pursuing other opportunities to grow its assets.
Their portfolio is expanding to include capital that supports sustainable fisheries management (in the form of proceeds from a sovereign US$15m Blue Bond), as well as other blended instruments and impact funds that contribute to Seychelles’ blue future.