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Circulate Capital Asia II

Singapore
Growth
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About Circulate Capital Asia II

Circulate Capital Asia II is a $220M first close ($300M target) growth equity fund focused on circular economy solutions across plastics, packaging, electronics, and apparel in South and Southeast Asia. Backed by Coca-Cola, Danone, and global DFIs.

Investment Focus

Location / RegionSingapore
Funding StageGrowth
Industry Focus
Circular Economy
Climate Sustainability

Investor Signals Profile

active

Sweet Spot

Asia-based founders solving plastic waste or sustainable packaging

plastic recycling
eco-friendly packaging
Asia emerging markets
circular economy
impact investing

Bullish Signals

$220M Fund II first closeexternal
$480M total AUM reachedexternal
Coca-Cola, Allianz as LPsexternal
Builders Vision (Walton family) backingexternal

Contrarian Signals

Global ESG fund demand decliningexternal
Niche thesis limits deal flowexternal

Founder Do's

Focus on plastic recycling or sustainable packaging
Operate in Asian emerging markets
Show measurable environmental impact
Align with corporate ESG mandates
Target circular economy solutions

Founder Don'ts

Avoid if no ESG/impact angle
Don't pitch outside Asia focus
Avoid non-material-focused climate plays

Key GPs & Partners

RK
Rob Kaplan
CEO
impact-focusedESG-resilientAsia-specialist

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Fund Overview

Fund Size$220M
Saves0
Website
LinkedIn

Key People

Rob Kaplan

Rob KaplanCEO

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