Closed Loop Partners Secures Strategic Investment from Capricorn Investment Group
Deal News | Feb 10, 2025 | Capricorn Investment Group LLC
Capricorn Investment Group has made a strategic investment in Closed Loop Capital Management, a division of Closed Loop Partners. This investment is aimed at strengthening Closed Loop's role in promoting a circular economy, which focuses on waste reduction and efficient use of resources. Closed Loop Partners, founded in 2014, has been at the forefront of circular economy initiatives in the US, with substantial involvement in sectors like plastics, packaging, food, and electronics. The partnership with Capricorn, a frontrunner in sustainable investments managing $12 billion in assets, is expected to enhance Closed Loop’s ability to provide innovative solutions and infrastructure for sustainable business practices. Key stakeholders include Capricorn's sustainable investment funds and Closed Loop’s existing investors such as JS Capital and Schusterman Family Investments. This collaboration marks a significant advancement towards scaling sustainable investment strategies and furthering environmental and social impact initiatives.
Sectors
- Private Equity and Venture Capital
- Circular Economy
- Sustainable Investment
Geography
- United States – Closed Loop Partners is based in New York City and operates one of the largest private recycling services in the U.S.
- Global – Capricorn Investment Group manages global portfolios, and the strategic partnership is aligned with a global shift towards sustainable investing practices.
Industry
- Private Equity and Venture Capital – The article details investment activities by Capricorn Investment Group in Closed Loop Capital Management, illustrating the involvement of private equity and venture capital in promoting sustainable and circular economics.
- Circular Economy – Closed Loop Partners is focused on advancing the circular economy by investing in waste reduction and circular supply chain solutions.
- Sustainable Investment – Capricorn Investment Group is a leader in sustainable investment, aiming to generate both financial returns and positive environmental impact.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Closed Loop Partners | Target Company | Company | A firm dedicated to advancing the circular economy through investment in sustainable solutions. |
| Capricorn Investment Group LLC | Bidding Company | Company | A leading sustainable investment firm managing $12 billion in assets and focused on impactful economic and environmental initiatives. |
| JS Capital | Existing Shareholder | Company | An existing stakeholder in Closed Loop Partners. |
| Schusterman Family Investments | Existing Shareholder | Company | An existing stakeholder in Closed Loop Partners. |
| Ron Gonen | Majority Owner | Person | Founder & CEO of Closed Loop Partners. |
| Tazia Smith | Leader of Closed Loop Capital Management | Person | Managing Partner and CEO of Closed Loop Capital Management. |
| Dentons | Legal counsel to Closed Loop Partners | Company | Provided legal advisory services to Closed Loop Partners in this investment. |
| Sidley LLP | Legal advisor to Capricorn SIF | Company | Provided legal advisory services to Capricorn SIF. |