PROJECT

Projects

Summary of Investment Information

Project Number

46593

Company Name

CIRCULATE CAPITAL OCEAN FUND I-B

Date SPI Disclosed

Apr 21, 2022

Country

World Region

Region

Global

Projected Board Date

May 24, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 17, 2022

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 10, 2022
Signed : Jun 28, 2022
Invested : Aug 15, 2022

Sector

Growth Equity Fund

Additional Project Attributes

Blended Finance

Project Description

Circulate Capital Ocean Fund I-B, L.P (“CCOF I-B” or the “Fund”) is a private equity fund targeting investments in waste management and circular solutions that combat plastic waste in Southeast Asia (“SE Asia”) and South Asia (“S Asia”). The fund size is US$50 million (with a hard cap of US$100 million). The Fund has a two-pronged strategy: (i) at least 70% of the Fund to be invested in growth capital in companies across the recycling and waste management value chain in S Asia and SE Asia, and (ii) up to a maximum of 30% of the Fund invested in early-stage companies looking at targeted innovation to combat plastic waste.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation