The CPF, with an initial target size of €150 million and backed by a broad range of international investors, is an Article 9 'dark green' impact fund under the EU's Sustainable Finance Disclosure Regulation. Its investments aim to accelerate the transition to a circular economy of plastics by scaling up advanced recycling technology companies with strong growth prospects that transform plastic waste streams into primary commodities used to produce new plastics. The contribution of the fund's investors will expedite the commercialisation of the advanced recycling market, playing a role in enabling a circular economy for plastics and contributing to decarbonisation across the industry.
The new LP's include Investeringsfonds Groningen ("IFG")
"For IFG, the investment is obvious", says fund manager Jan Timmer. "We want to move from fossil to circular and sustainable and are always looking for the best way to achieve that goal. Setting up a green chemistry plant is extremely capital intensive, so it makes sense that we look at funds like CPF. Especially because it does not only provide capital, but also expertise and advice that the entrepreneurs in Groningen can benefit from."
