Circulate Capital on Wednesday said it has raised USD 220 million (approximately Rs 2,000 crore) in the first close of its second Asia-focused fund to scale circular supply chains across South and Southeast Asia.
The fund has drawn backing from investors, such as Builders Vision and Emerging Market Climate Action Fund (EMCAF).
“The fund will now deploy growth capital to scale circular supply chains and recycling businesses across South and Southeast Asia, with a focus on plastic solutions and packaging, as well as electronics and apparel,” Circulate Capital said in a statement.
It will execute high-growth investments in key markets, such as India, Indonesia, Thailand, Vietnam, the Philippines, and Malaysia.
The fundraising comes amid growing recognition of circular supply chains as a strategic priority, driven by tighter regulations, volatile raw material markets and increasing sustainability commitments by global companies.
Industry estimates suggest that while the global economy