JS Capital Management Acquires Minority Stake in Closed Loop Partners, the Leading Circular Economy Investment Firm & Innovation Center
December 10, 2020
This investment further validates the business case for an accelerated transition to a circular economy and supports Closed Loop Partners in its continued expansion
Dec 10, New York — Today, Closed Loop Partners announced that JS Capital Management, the private investment firm led by Jonathan Soros, has acquired a minority stake in Closed Loop Partners, the New York-based investment firm and innovation center focused on building the circular economy. JS Capital’s investment expands the firm’s existing partnership with Closed Loop Partners. In 2018, JS Capital became a limited partner across Closed Loop Partners’ funds and an active co-investor.
Closed Loop Partners’ asset management division is comprised of venture capital, project finance, growth equity and private equity. To date, the firm has invested in over 40 companies across sectors, including consumer products and packaging, fashion, food and agriculture and technology. Investors in Closed Loop Partners’ funds include the world’s largest retailers, consumer goods and technology companies, financial institutions, family offices and foundations. Closed Loop Partners’ innovation center, the Center for the Circular Economy, works across brands, countries and industries to create the systems change necessary for the advancement of the circular economy through research, analysis and collaboration.
According to Jonathan Soros, “Ron Gonen and Closed Loop Partners have been pioneers as investors and thought leaders in the circular economy. Their networks and expertise are unparalleled in the field.”
“With an exceptional investment track record and deep commitment to a sustainable future, JS Capital makes an ideal partner for the next chapter of our growth,” says Ron Gonen, Founder and CEO of Closed Loop Partners.
A circular economy offers a viable business framework to reduce costs, increase efficiency and protect the environment we share, benefiting people, the planet and business. At a time when climate change and sustainability are no longer top of mind for only waste-conscious consumers, but for investors, brands and governments across the globe, business as usual must change to avoid the economic, social and environmental risks of climate inaction.
About Closed Loop Partners
Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity and project finance, as well as an innovation center focused on building the circular economy. The firm has built an ecosystem that connects entrepreneurs, industry experts, global consumer goods and technology companies, retailers, foundations, financial institutions and municipalities. Their investments align capitalism with positive social and environmental impact by reducing waste and greenhouse gas emissions via materials innovation, advanced recycling technologies, supply chain optimization and diversion of materials from landfills. Learn more at www.closedlooppartners.com.
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