Circular economy investment firm Closed Loop Partners announced today the acquisition of a minority stake in the firm by Jonathan Soros led private investment firm JS Capital Partners. JS Capital has been a limited partner across Closed Loop Partners’ funds and an active co-investor, with today’s announcement expanding the partnership between the firms.

Ron Gonen, Founder and CEO of Closed Loop Partners, said:

“With an exceptional investment track record and deep commitment to a sustainable future, JS Capital makes an ideal partner for the next chapter of our growth.”

Jonathan Soros said:

“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.”

Closed Loop Partners is a New York-based investment firm comprised of an asset management division and an innovation center. The asset management division has invested in over 40 companies across multiple sectors, with investors including the world’s largest retailers, consumer goods and technology companies, financial institutions, family offices and foundations. Investments include venture capital, project finance, growth equity and private equity. The 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.