US$106m Singapore-based fund to keep plastic from Asian oceans
Circulate Capital Ocean Fund hopes impact and returns from its investments will draw bigger investors
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Mindy Tan
Singapore
CIRCULATE Capital has launched a US$106 million Singapore-based fund dedicated to preventing plastic from entering Asia's oceans, and which it hopes can catalyse more investments into this area.
According to chief executive Rob Kaplan, Circulate Capital Ocean Fund aims for a mid to high single-digit internal rate of return at the outset.
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