The fund has attracted a global cohort of investors, including corporates, development finance institutions (DFIs), and institutional and family offices.

Returning corporates such as The Coca-Cola Company, Danone, Dow, and Procter & Gamble have also reaffirmed their commitment to the strategy for Fund II, joining existing DFIs British International Investment, the French DFI Proparco, and the International Finance Corporation (IFC), along with leading family office Builders Vision.

The firm said the fund’s momentum has accelerated with a robust cohort of new institutional partners. These include the Emerging Markets Climate Action Fund (EMCAF), co-managed by Allianz Global Investors and the European Investment Bank, as well as a Dutch pension fund through Achmea Investment Management's Impact Platform, and public institutions such as Impact Fund Denmark (IFDK), the Swiss DFI SIFEM, managed by responsAbility Investments AG, and Australian Development Investments (ADI). The investor base was further diversified by high-profile family offices and impact investors, including Stella (the investment entity of the Heinz Hermann Thiele family foundation), Clotho Family Office, Netherlands-based impact specialist Wire Group, and Fondation Prince Albert II de Monaco.

To capitalise on this opportunity, Fund II will execute high-growth investments in key markets such as India, Indonesia, Thailand, Vietnam, the Philippines, and Malaysia.

Circular supply chains are increasingly recognised as a compelling investment opportunity for institutional investors and a necessity for the industry, underpinned by regulatory changes, supply chain volatility, and consumer brand commitments, the firm continued.

Fund II will aim to finance nearly two million tonnes of collection and recycling capacity. Over 10 years, these investments are projected to prevent a cumulative 30 million tonnes of unmanaged waste; avoid or reduce more than 50 million tonnes of CO2 emissions.