Circulate Capital raises $220 million in first close of its Fund II

Circulate Capital, a Singapore-headquartered investment firm focused on the circular economy, has raised $220 million in the first close of its second fund, crossing more than 70% of its $300 million target.

The second fund has exceeded the size of Fund I, which was $188 million.

A circular economy refers to a system that minimises waste by reusing, recycling, and regenerating materials.

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