March 4, 2020, Bloomberg
The shifting centers of green finance are also about tackling the world’s environmental problems where they start. Most of the plastics flowing into the ocean come from a few South Asian countries. The answer to fixing this global problem is local recycling infrastructure, according to Rob Kaplan, founder of Singapore-based Circulate Capital. The firm has raised more than $100 million from plastics makers to stop trash from reaching the ocean. The fund, which just opened, is deploying capital fast: With 10 deals currently in due diligence, it expects about one-fifth of its assets to be committed by summer. “There’s so much pent-up demand,” says Kaplan.