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Stonegate Capital Closes on Revolver for Fishpeople

December 18, 2018, 07:00 AM

Stonegate Capital announced it has made a $7 million senior debt investment into Fishpeople Seafood, Inc.  Headquartered in Portland, OR, Fishpeople is backed by a syndicate of equity groups including Advantage Capital, S2G Ventures, 3X5 Partners, Encourage Capital, Cambridge SPG, Renewable Resource Group and several other supportive investors.  Fishpeople places a primary focus on the sustainability and traceability of its products.  From fresh fish filets, soups, chowders, and new innovative products like seafood jerky – Fishpeople is committed to changing the landscape of seafood for the better. 

“Andrea and the Stonegate team worked with us to ensure they provided a customized solution that best fit our fast-growing business, and we’re excited to expand our partnership with them,” said Brian Gentry, VP of Finance for Fishpeople.  The Company will utilize the senior debt facility to support continued product expansion and ongoing operations. This investment aligns well with Stonegate’s support of the high growth, consumer product, sponsor-backed space.

“Fishpeople is dedicated to product innovation and to making traceability a significant differentiator. With the combination of the Company’s exceptional management team and extremely supportive equity backing, we couldn’t be more pleased to partner with Ken Plasse (CEO, Fishpeople), Brian Gentry, and their team as they execute their plan,” said Andrea Hedrick, Head of Originations at Stonegate.

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