JS Capital Management takes minority stake in Closed Loop Partners

JS Capital Management, the private investment firm led by Jonathan Soros, and Schusterman Family Investments, both based in New York, have acquired a minority stake in Closed Loop Partners, according to a news release issued by the New York-based circular economy investment firm. JS Capital’s most recent investment expands its existing partnership with Closed Loop Partners, having become a limited partner across that organization’s funds and an active co-investor in 2018.

Closed Loop Partners’ asset management division is comprised of venture capital, project finance, growth equity and private equity. To date, the firm says it has invested in more than 40 companies across sectors, including consumer products and packaging, fashion, food and agriculture and technology. Investors in Closed Loop Partners’ funds include the world’s largest retailers, consumer goods and technology companies, financial institutions, family offices and foundations.

Additionally, Closed Loop Partners’ innovation center, the Center for the Circular Economy, works across brands, countries and industries to create the systems change necessary for the advancement of the circular economy through research, analysis and collaboration, according to the organization.

 Jonathan Soros says, "Ron Gonen and Closed Loop Partners have been pioneers as investors and thought leaders in the circular economy. Their networks and expertise are unparalleled in the field.”

Gonen, who founded Closed Loop Partners and serves as its CEO, says, “With an exceptional investment track record and deep commitment to a sustainable future, JS Capital and Schusterman Family Investments make ideal partners for the next chapter of our growth.”  

A circular economy offers a viable business framework to reduce costs, increase efficiency and protect the environment we share, benefiting people, the planet and business. At a time when climate change and sustainability are no longer top of mind for only waste-conscious consumers, but for investors, brands and governments across the globe, business as usual must change to avoid the economic, social and environmental risks of climate inaction.