Updated: Oct 28, 2018
By Jordan Schultz
Circulate Capital — an investment management company that originated as Closed Loop Ocean — has officially launched in partnership with Ocean Conservancy and Closed Loop Partners. The firm is led by Closed Loop Partners co-founder Rob Kaplan.
The company also announced an RFP aimed at Southeast Asian companies. Circulate Capital will invest in solid waste management and recycling organizations that have the capability of stopping plastic from entering the ocean, with a focus on five core countries: India, Indonesia, the Philippines, Thailand and Vietnam.
Circulate Capital said in its press release that a 45% reduction in the amount of plastic entering the ocean can be achieved by boosting regional waste management and recycling industries. "South and Southeast Asian countries produce the most plastic waste, but largely because they lack the necessary waste infrastructure to manage the problem," Kaplan said in the press release.