Ropes & Gray Advised Blue Earth Capital on Backing of Nazca Capital Continuation Fund for Marine Technology Leader Zunibal

Ropes & Gray has advised Blue Earth Capital, a global impact investment firm, on its backing of a continuation fund that private equity fund manager Nazca Capital has completed for Zunibal, a leading provider of technology solutions for the fishing and marine monitoring sectors.

The transaction will allow Nazca Capital to maintain its position as lead partner following a holding period of approximately five years, providing continuity to a strategy that has enabled Zunibal to establish itself as a relevant international player in technology applied to the marine environment. Blue Earth Capital's participation in the continuation fund underscores its commitment to deploying capital in support of businesses that can deliver both commercial returns and measurable positive impact, particularly in the sustainable use of ocean resources.

The investment in Zunibal aligns with Blue Earth Capital's focus on backing innovative companies whose products and services contribute to environmental sustainability. Zunibal's technology solutions play a critical role in promoting responsible fishing practices and advancing marine monitoring capabilities, supporting the long-term health of marine ecosystems worldwide.

The Ropes & Gray team advising on the transaction was led by London-based asset management partner Tom Alabaster, with asset management counsel Kasia Thevissen and associate August Jones-Loiacono, and tax partner Andy Howard and tax associate Matt Parsons.