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Swen Capital Raises €160 Million in Ocean Fund's First Close
Swen Capital Raises €160 Million in Ocean Fund's First Close

Bloomberg

time3 days ago

  • Business
  • Bloomberg

Swen Capital Raises €160 Million in Ocean Fund's First Close

Swen Capital Partners has raised €160 million ($182 million) at the first close of its impact venture fund focused on the regeneration of ocean biodiversity. The commitments at the first close for Swen Blue Ocean 2 Fund account for 53% of its target of raising €300 million, according to a statement reviewed by Bloomberg News. If the fund meets the target, it will be almost twice of its predecessor fund that raised €170 million in 2023.

New Attenborough film showcases both destruction and hope in planet's oceans
New Attenborough film showcases both destruction and hope in planet's oceans

Reuters

time06-05-2025

  • Entertainment
  • Reuters

New Attenborough film showcases both destruction and hope in planet's oceans

LONDON, May 6 (Reuters) - British naturalist David Attenborough says there is hope for the future of the planet's oceans in a new film premiering later on Tuesday that sets out both the scale of damage caused by human activities and the oceans' capacity for recovery. In his latest work "Ocean", Attenborough, one of the world's best-known nature broadcasters and filmmakers whose work spans seven decades, charts the challenges faced by the seas over his lifetime, from destructive industrial fishing practices to mass coral reef bleaching. "After almost 100 years on the planet, I now understand the most important place on Earth is not on land, but at sea,' he says in a trailer of the movie. Its full release in cinemas on Thursday coincides with Attenborough's 99th birthday. Tuesday's premiere in London will see both a glitzy event with celebrities and dignitaries walking a blue - not red - carpet in the evening, and a daytime screening for students and teachers. Despite depicting the bleak current state of the health of the ocean, discoveries made during filming offer hope, Attenborough said. "The ocean can recover faster than we had ever imagined, it can bounce back to life," he said. "If we save the sea we save our world. After a lifetime of filming our planet I'm sure nothing is more important." The film's release comes ahead of the United Nations Ocean conference in Nice, France, in June where it is hoped more countries will ratify a 2023 agreement to protect ocean biodiversity. So far only 21 countries have officially signed, falling well short of the 60 countries needed for the agreement to come into force. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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