CEGF II is classified as “Article 9” under the EU’s new Sustainable Finance Disclosure Regulation and will continue Circularity Capital’s dedicated strategy to invest into circular economy growth-stage businesses in Europe.

The fund received commitments from a diverse group of investors including blue-chip institutional investors and pension funds, fund of funds, insurance companies and family offices across Europe, UK and North America.

The Macfarlanes team was led by investment management partner Stephen Robinson alongside partner Harriet Miller, senior associate Henry Stewart-Brown and associate Catherine Born. Tax expertise was provided by partner Mark Baldwin.

Stephen Robinson comments: “We are delighted to have advised Circularity Capital once again on the raising of its second fund, which reflects the firm’s focus on investing into businesses whose circular economy characteristics are a source of sustainable competitive advantage.”

Jamie Butterworth, Founding Partner at Circularity Capital comments: “We would like to thank Macfarlanes for their continued support and advice throughout the raising of our debut fund in 2018 followed by the closing of our second fund, the largest specialist circular economy private equity fund across the globe.”