Ray Hugel

Since joining Closed Loop Partners, Ray has supported the growth and management of the firm’s private credit and catalytic capital investment strategy. He has worked with private companies, nonprofits and municipalities to structure financing solutions ensuring the long-term success of numerous circular economy projects across the U.S., leveraging the broader Closed Loop Partners ecosystem to build connectivity and growth across the sector. He has led investments into several large-scale projects including the financing of LRS’s state-of-the-art material recovery facility in Chicago, and the financing that allowed for the distribution of 162,000 brand new recycling carts to the residents of the City of Kansas City.  

Prior to joining Closed Loop Partners, Ray spent nearly a decade within Macquarie Group’s Credit Markets Division in New York, where he was part of the team that launched the division’s asset-backed lending strategy and helped grow it to a multi-billion-dollar credit portfolio. His work lending to asset managers and private companies covered a wide array of sectors including property assessed clean energy, solar, fintech, real estate, small business and consumer credit. In addition to his success in supporting these emerging asset classes, Ray contributed to the long-term success of the team by being one of the division’s leads for the firm’s internship program. 

Recognized for his impact investing and credit expertise, Ray  sits on the Technical Advisory Committee of NEXTCYCLE Michigan, a circular economy accelerator program. 

Ray holds a BBA in Finance and International Business from Villanova University. He is a CFA® Charterholder and he also holds a Sustainability Excellence credential issued by the International Society of Sustainability Professionals.