HomeNetherlandsInfinity Recycling Holds 5th Close of Circular Plastics Fund, at €135M

Infinity Recycling Holds 5th Close of Circular Plastics Fund, at €135M

Infinity Recycling, a Rotterdam, The Netherlands-based growth capital platform investing in circular economy solutions, held the fifth close of its Circular Plastics Fund I SCSp, at €135M.

Three new institutional Limited Partners including Investeringsfonds Groningen added to a wide range of institutional investors based in Europe and beyond. The fund is on its way to €150M final closing, projected for Q4 2023.

The CPF is an Article 9 ‘dark green’ impact fund under the EU’s Sustainable Finance Disclosure Regulation. Its investments aim to accelerate the transition to a circular economy of plastics by scaling up advanced recycling technology companies with strong growth prospects that transform plastic waste streams into primary commodities used to produce new plastics.

Since the fund’s launch in February 2022, the team has invested in five portfolio companies, with three follow-on investments and over €40M AUM.

Led by Jeroen Kelder, Managing Partner, Infinity Recycling was established in 2019 to create markets for end-of-life waste streams by investing in advanced technologies that enable circularity in the plastics industry.

VCWire

16/01/2024