Circulate Capital Asia Fund II invests in Southern and Southeast Asian companies that recycle plastic and prevent it from ending up in the ocean or in landfills.
Since 2018, Circulate Capital has built a strong presence in the region. The fund’s current portfolio companies have delivered significant growth and CO2 reductions through recycling. Companies previously backed by the fund include Lucro in India, which recycles flexible plastics, Recykal, which digitises waste streams, and Polindo Utama, which is one of Indonesia’s leading PET plastic recyclers.
Preventing 30 million tonnes of waste
The fund has investment professionals based in India, Vietnam, Thailand, Indonesia and Singapore, and works close to the markets where the need is greatest. Over a ten-year period, the fund estimates that its investments will prevent up to 30 million tonnes of waste and potentially reduce emissions by more than 50 million tonnes of CO2.