Built to Last: The Circular Path to Enduring Growth

Impact Report 2025

“Lasting growth demands durable systems. The most resilient supply chains are those that keep valuable materials in circulation for as long as possible.”

– Ron Gonen, Founder & CEO, Closed Loop Partners

Materials are the building blocks of an economy. How they move through supply chains shapes global industries. To rebuild resilient supply chains, we start at the source, advancing the circulation of materials used by large-scale industries and accelerating solutions that keep the most critical resources in play.

Our 2025 impact report takes a closer look at our work to build circularity for key materials, and how reuse, recovery, recycling and circular design help ease pressure on supply chains. It’s material efficiency built locally, with resilience enabled at a global scale.

Read Our Impact Report Here

To date, our investments
and portfolio companies have kept over

$7.5 BILLION WORTH

of valuable materials and
products in circulation.

Value represents Closed Loop Partners’ cumulative impact from inception to year-end 2025.

2025 HIGHLIGHTS OF OUR WORK TO CIRCULATE KEY MATERIALS

  • PLASTICS & PACKAGING

  • FOOD & ORGANICS

  • METALS

  • APPAREL & TEXTILES

  • WATER

138

Investments as of Year-End 2025

120+

Cities Activated Through Reuse Campaigns

20B

Pounds of Materials Kept in Circulation as of Year-End 2025

33M

Metric Tons of Greenhouse Gas Emissions Avoided as of Year-End 2025

Closed Loop Capital Management

Closed Loop Capital Management manages venture capital, private equity and catalytic capital & private credit strategies on behalf of global corporations, financial institutions and family offices. Our range of strategies enables us to capitalize solutions at different points in their growth––from emerging innovations to established businesses.

Our Investment Strategies

  • Private Equity

    Closed Loop Private Equity buys and builds platforms at the forefront of securing stable material supplies while reducing cost and supply chain risk for major industrial players.

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  • Venture Capital

    Closed Loop Ventures invests in the innovations that obviate supply chain bottlenecks. These solutions capture and recover materials that are needed to build robust material supplies and meet the demand for energy generation, chips, motors, apparel and food production, and infrastructure builds, while enabling long-term prosperity and continued quality of life.

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  • Catalytic Capital & Private Credit

    Closed Loop Catalytic Capital & Private Credit manages four impact-first investment vehicles that deploy flexible, risk-tolerant capital. Together, these vehicles have catalyzed hundreds of millions of dollars in follow-on investment by other investors, and have gone on to contribute to avoidance of millions of metric tons of greenhouse gas emissions.

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The Closed Loop Center for the Circular Economy

Our innovation center, the Closed Loop Center for the Circular Economy, works with the several of the world’s largest retailers and brands​ to solve their most pressing material challenges.

Closed Loop Builders

Closed Loop Builders is Closed Loop Partners’ operating group focused on incubating, building and scaling circular economy infrastructure and solutions across the U.S.

Circular Services is the first company launched within Closed Loop Builders. As the largest privately held recycling and composting company in the United States, Circular Services operates 38 materials recovery facilities serving municipalities and businesses in the largest and fastest-growing cities in the country.

Ou Impact Measurement & Management

We integrate impact measurement and management (IMM) into our investment process, managing and measuring the impact contributions of every investment, and continually moving the needle on our vision of a waste-free world with every investment. Guided by three key pillars, our impact strategy enables us to evaluate each investment and how they contribute to the circular economy.

  • Transparency

    Our investment thesis is integrated with the view that IMM increases transparency into the operations of a company, producing greater visibility and data to assess the viability, execution and value of a business. We are also dedicated to providing transparency into our own IMM procedures and execution. 

  • Standardization

    We advocate for comparability and accountability across impact investing. We actively partner with organizations that help advance standardization of the measurement, management and reporting of impact outputs. Our processes are aligned with leading industry frameworks including GIIN IRIS+, the Five Dimensions of Impact and the EU Taxonomy. 

  • Verification

    We have been through external verifications and audits on ESG practices, carbon accounting and alignment to the Impact Principles. We are committed to regular, independent verification of our IMM practices.