Singapore: Circulate Capital, the Singapore-based investment management firm dedicated to incubating and financing companies that prevent ocean plastic, was recognized as an Emerging Impact Manger (EIM) as part of the ImpactAssets 50 2021 (IA 50) global list released earlier this week.
Circulate Capital is one of only three fund managers in the EIM class that has raised more than (US)$100m, and the only fund in this class with a sole focus on investments in South and Southeast Asia. It is the world’s first investment fund dedicated to funding start-ups and SMEs that prevent ocean plastic and advance the circular economy in this region.
Commenting on the award, Rob Kaplan, Founder and CEO of Circulate Capital, said, “It’s a privilege to be named as part of this list and see more recognition for our mission. We believe that by investing in waste management, recycling systems and the circular economy in South and Southeast Asia, we can prevent ocean plastic and catalyze the billions of capital needed in a sector with massive potential for financial, environmental and social returns.
“Our investments drive scale to address key systemic gaps and pain points within the waste management and recycling ecosystem by scaling collection, upcycling and digitization,” Kaplan concluded.
The IA 50, compiled by ImpactAssets, is a free online database for impact investors, family offices, financial advisors and institutional investors that features a diversified listing of private capital fund managers delivering social and environmental impact as well as financial returns.
Firms in the EIM category were chosen to represent newer fund managers to watch that demonstrate potential to create meaningful impact through unique strategies, investment in under-represented impact themes or diversity in leadership.