Last year's launch of Circular Services created a new family of varied recycling companies, yet they're all focused on a circular economy and are fueled with hundreds of millions of dollars in fresh capital. When New York-based Closed Loop Partners in November announced the creation of Circular Services, the firm called the venture "the largest privately held recycling company in North America." Recently, Jessica Long, chief strategy officer and managing director at Closed Loop Partners, provided more details to Resource Recycling about what the transaction entailed. A for-profit company, Closed Loop Partners provides funding to support recycling in a number of ways, offering loans, purchasing ownership stakes in companies and funding research projects.
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