Monaco’s ReOcean Fund Hits $73M Milestone, Lights Up Times Square During Climate Week NYC
The ReOcean Fund, a Monaco-backed investment vehicle accelerating the blue economy, has closed $73 million in commitments – a milestone that lit up Nasdaq’s iconic Times Square billboard during Climate Week NYC.
The announcement took place at the Building the Future Summit 2025, held on September 22nd at Nasdaq MarketSite. The summit convened global leaders in finance, sustainability, and innovation to chart pathways for energy resilience, nature-based solutions, and sustainable reindustrialisation.
In honor of the occasion, H.S.H. Prince Albert II of Monaco and Dr. Andrew Forrest AO rang the Opening Bell – marking a powerful commitment to systems innovation and climate action.
Olivier Wenden, CEO of the Prince Albert II of Monaco Foundation attended alongside Prince Albert of Monaco. At the Nasdaq market opening, Dr. Andrew Forrest AO, Founder of the Minderoo Foundation, joined the Prince to announce a €5 million investment into the fund.
Co-sponsored by the Prince Albert II of Monaco Foundation and Monaco Asset Management, the ReOcean Fund is deploying capital into companies tackling critical ocean challenges — from sustainable aquaculture and ocean data to pollution reduction, green shipping, and marine ecosystem restoration.
With 22 investors now committed, the $73 million closing represents significant progress toward the fund’s €100 million target. The Times Square spotlight underscored both the fund’s global ambition and Monaco’s positioning as a hub for impact-driven finance.
Credit: Nasdaq
