Closed Loop Partners - Circular Plastics Fund

Enriched Impact Investor · Found: 2026-03-11 12:52

Catalytic debt and equity financing fund for PE, PP, and flexible plastics recycling solutions and infrastructure. Addresses bottlenecks in recycling systems to meet growing demand for high-quality recycled material.

Source: https://closedlooppartners.com/closed-loop-partners-circular-plastics-fund-new-investors

Funding Details

Funder

Closed Loop Partners

Funding Goal

Catalytic debt and equity financing to build circular economy infrastructure and improve recovery of polyethylene (PE) and polypropylene (PP) plastics in the US and Canada, accelerating the transition from linear to circular plastics supply chains.

Funding Amount

Fund total of $45M (as of March 2023); individual investments observed in the $4M–$10M range as debt or equity.

How to Apply

Apply online through the Closed Loop Partners "Apply for Funding" portal, selecting the Circular Plastics track. No stated deadline — rolling applications.

Target Region

United States and Canada

Contact

Closed Loop Partners, 888 7th Ave, 10th Floor, New York NY 10106. Contact page: https://www.closedlooppartners.com/about-us/contact-us/

Last Checked

2026-03-11 16:08

Application Checklist

Eligibility

• Applicant must be a for-profit company or commercial entity — the fund provides debt/equity investment, not grants to non-profits
• Operations and project must be located in the United States or Canada

Project Scope

• Project must focus on recycling or recovery of polyethylene (PE), polypropylene (PP), or flexible plastics
• Investment must address a bottleneck in the plastics recycling system (e.g., sortation, processing capacity, collection infrastructure)

Required Documents

• Apply via the Closed Loop Partners online funding application portal (Circular Plastics track)

Constraints

• Company must be investment-ready with a scalable business model that can attract follow-on mainstream capital
• Financing is structured as catalytic debt or equity — applicants must be able to service debt or accept equity dilution

Summary

The Closed Loop Partners Circular Plastics Fund is a $45 million catalytic capital fund providing debt and equity financing to companies developing plastics recycling and recovery infrastructure in North America. Managed by Closed Loop Partners — a leading circular economy investment firm with over $500M in assets under management — the fund focuses specifically on rigid and flexible PE and PP plastics, which account for some of the most widely used but least-recycled plastic materials. The fund was launched as part of Closed Loop Partners' broader strategy to address bottlenecks in recycling systems and meet growing corporate demand for high-quality recycled feedstock. The fund targets companies across the plastics recycling value chain: sortation technology, mechanical recycling plants, AI-enabled waste analytics platforms, and solid waste districts. Past investments include Myplas (flexible film recycling), Greyparrot (AI waste analytics), and SMR (municipal recycling programs). Individual investments have ranged from multi-million-dollar loans (e.g., $4M–$10M) to equity stakes. Investors in the fund include major petrochemical corporations such as Dow, LyondellBasell, CPChem, and Charter Next Generation. The program is structured as a commercial impact investment vehicle, not a grant program. Applicants must be investment-ready companies with scalable business models in the North American plastics recycling market. Closed Loop Partners maintains an active "Apply for Funding" portal specifically for the Circular Plastics Fund, indicating a rolling application process. The fund's rationale is grounded in a significant market gap: recycled plastics currently meet only 6% of demand in the US and Canada, representing a $120 billion addressable market opportunity. The fund aims to catalyze systemic change by de-risking early-stage investments and attracting mainstream capital into plastics circularity infrastructure.

Historical Context

The Circular Plastics Fund launched in 2022. In its first year it deployed capital to four investments (SMR, Myplas, Greyparrot, Waste Commission of Scott County). In March 2023 the fund announced two new corporate investors (CPChem, CNG), bringing total capital to $45M. The fund continues to be active as of 2026, with recent related press releases showing ongoing loan deployments under the broader Catalytic Capital & Private Credit strategy.

Why it was added

Dedicated blended finance fund for plastic recycling infrastructure, directly relevant to circular economy for plastics

Similar Programs

← Back to list