(April 1): Singapore-based investor Circulate Capital, which invests in and finances firms that recycle plastics and create eco-friendly packaging, has raised US$220 million (RM885.94 million) for a second Asia fund despite a global downturn in demand for environmental, social and governance (ESG) funds. The first close of Circulate Capital Asia Fund II brings the firm’s total assets under management to US$480 million, said chief executive officer Rob Kaplan. The average ticket size will be around US$15 million to US$25 million and the fund will target companies in South and Southeast Asia. Since then, it has raised US$86 million in a parallel Asia fund from family offices around the world and US$76 million for a fund aimed at Latin America. Circulate helps fund their expansion and connection to potential buyers of recycled goods.

Source: The Edge Markets April 01, 2026 11:21 UTC