#USA #New York #circular economy #Capricorn #Closed Loop

Capricorn Investment Group Partners with Closed Loop Partners

Capricorn Investment Group has made a noteworthy growth investment in Closed Loop Partners, aiming to support the transition to a circular economy. Closed Loop Partners, a firm that specializes in sustainable investment, announced this significant injection of capital on February 10, 2025. With this investment, Capricorn strengthens its investment portfolio, as it joins existing shareholders including JS Capital, and Schusterman Family Investments, alongside Closed Loop Partners' founder and CEO, Ron Gonen.

Founded in 2014, Closed Loop Partners operates with the mission to accelerate the transition towards a circular economy. The company is structured into three main divisions: Closed Loop Capital Management—its investment arm, the Center for the Circular Economy which focuses on innovation, and Circular Services, a leading private recycling entity in the United States. Under the leadership of Tazia Smith, Closed Loop Capital Management has made impactful investments in various sectors including packaging, agriculture, electronics, and textiles, successfully preventing over 6 million tons of waste from ending up in landfills while avoiding an estimated 17.5 million metric tons of greenhouse gas emissions.

Capricorn's financial commitment is seen as a crucial endorsement for the growth of the circular economy, which emphasizes the importance of resource security and optimized recycling processes. This partnership reflects a shared belief between the two firms regarding the necessity for private investment in solution-driven environmental impacts. With resources and growth capital from Capricorn, Closed Loop Capital Management is poised to enhance its operational capacity further.

William Orum, a partner at Capricorn, expressed confidence in Closed Loop's established expertise and leadership, indicating that this association will pave the way for effective, mission-aligned investment strategies. Tazia Smith, managing partner and CEO of Closed Loop Capital Management, also echoed this sentiment by highlighting the vital role of this collaboration in expanding their capabilities to innovate and implement profitable, sustainable solutions.

Ron Gonen, founder of Closed Loop Partners, praised Capricorn as a pioneer in sustainable investments, underscoring the strategic nature of this partnership as an opportunity to align capitalism with essential environmental and social objectives. This sentiment reiterates Capricorn's ongoing commitment to investing in firms that prioritize sustainability and measurable impacts.

Capricorn Investment Group manages an impressive $12 billion in assets and has a longstanding presence in the climate-focused investment landscape. This investment in Closed Loop Capital Management is part of Capricorn's broader strategy to support sustainability in investment management. They aim to demonstrate how sustainable practices can significantly enhance investment returns while addressing critical global challenges.

The collaboration between Capricorn and Closed Loop Partners stands to redefine investment in the realm of sustainability and environmental stewardship, inspiring other firms and investors to prioritize the circular economy. The endeavor reflects a growing trend in the investment community to fund initiatives that not only yield financial benefits but also lay the groundwork for a sustainable future that minimizes waste and conserves resources.

As we move forward in this partnership, both Capricorn and Closed Loop are determined to drive impactful change within the circular economy, reinforcing their commitment to innovation and sustainability in investment practices. Their strategic alignment signifies a pivotal moment for investment firms committed to fostering economic mechanisms that contribute to a waste-free and sustainable world.