> ## Content Index > Fetch the complete content index at: https://packaging-europe.ghost.io/llms.txt > Use this file to discover other available public pages before exploring further. # Infinity Recycling’s Circular Plastics Fund closes above €150 million target - URL: https://packaging-europe.ghost.io/infinity-recyclings-circular-plastics-fund-closes-above-150-million-target/ - Published: 2024-05-15T11:25:00.000Z - Updated: 2024-05-16T07:00:25.000Z - Author: Packaging Europe staff writers - Tags: Business, Collaboration, Featured Stories, #layout-s, #type-article, #packaging-europe, #Import 2026-09-08 15:50 **Growth capital platform** [**Infinity Recycling**](https://infinity-recycling.com/?ref=packaging-europe.ghost.io) **(IRC) has announced the final close of its Circular Plastics Fund I SCSp (CPF), exceeding the fund’s €150 million target and securing €175 million in committed capital from institutional investors and value chain partners worldwide.** The CPF, an Article 9 ‘dark green’ impact fund under the EU’s [Sustainable Finance Disclosures Regulation](https://finance.ec.europa.eu/regulation-and-supervision/financial-services-legislation/implementing-and-delegated-acts/sustainable-finance-disclosures-regulation%5Fen?ref=packaging-europe.ghost.io), was established to help accelerate the world’s transition to a circular economy of materials. IRC says it does this by supporting advanced recycling technologies with scaling up technology and strengthening business propositions. Since the fund’s last close in December 2024, IRC says it has welcomed investors including Dutch insurance group [ASR](https://www.asrnl.com/?ref=packaging-europe.ghost.io), Danish philanthropic association [Realdania](https://www.realdania.org/?ref=packaging-europe.ghost.io), [ING Sustainable Investments](https://www.ingwb.com/en/sustainable-finance/sustainable-investments?ref=packaging-europe.ghost.io) (the sustainable investments arm of ING), Danish investment and holding company [KIRKBI](https://www.kirkbi.com/?ref=packaging-europe.ghost.io), and the impact investment initiative of Swiss company [Après-demain](https://www.apres-demain.com/fr/?ref=packaging-europe.ghost.io). IRC states that this development coincides with the recent passing of the [European Packaging and Packaging Waste Regulation](https://packagingeurope.com/news/collection-targets-pfas-limits-fresh-produce-packaging-bans-approved-in-ppwr-vote/11264.article?ref=packaging-europe.ghost.io) (‘PPWR’), paving the way for advanced recycling to be counted as recycling. It adds that by valorising residual waste streams into primary commodities used in the production of new materials, CPF’s investments play a role in fostering sustainability and decarbonization of the chemical industry. IRC says that, to date, the CPF has invested in five portfolio companies: [Pryme N.V.](https://pryme-cleantech.com/?ref=packaging-europe.ghost.io), [Itero Technologies Limited](https://www.itero-tech.com/?ref=packaging-europe.ghost.io), [Clariter S.A](https://clariter.com/?ref=packaging-europe.ghost.io)., [DePoly S.A](https://www.depoly.co/?ref=packaging-europe.ghost.io)., and [Ioniqa B.V.](https://ioniqa.com/?ref=packaging-europe.ghost.io)) deploying over €45 million and with a strong pipeline of transactions. In January, we reported on Infinity Recycling’s [fifth close of the CPF](https://packagingeurope.com/news/infinity-recyclings-circular-plastics-fund-reaches-135-million-in-fifth-close/10875.article?ref=packaging-europe.ghost.io) in December 2023, which reached €135 million. International investors and three new Limited Partners contributed to the fund, including [Investeringsfonds Groningen](https://www.ifg.nl/en/%22%20/t%20%22%5Fblank?ref=packaging-europe.ghost.io) (IFG). Their contributions are expected to help commercialize the advanced recycling market, which is then expected to unlock circularity for plastics and help decarbonize the industry. In similar news, [Paptic](https://paptic.com/?ref=packaging-europe.ghost.io) closed [€27.5 million in growth financing](https://packagingeurope.com/news/paptic-raises-275-million-in-growth-funding-for-wood-fibre-based-materials-in-2023/10897.article?ref=packaging-europe.ghost.io) by the end of 2023, including investments from the [UB Forest Industry Green Growth Fund](https://ubfigg.com/?ref=packaging-europe.ghost.io) (UB FIGG), [Emerald Technology Ventures](https://emerald.vc/?ref=packaging-europe.ghost.io), [SIG InnoVentures](https://sig-innoventures.com/?ref=packaging-europe.ghost.io), and [EIC Fund](https://eic.ec.europa.eu/eic-fund%5Fen?ref=packaging-europe.ghost.io) towards the end of the year. Upon the first closing of the two-part growth financing, Paptic had [raised a total of €23 million](https://packagingeurope.com/news/23-million-in-growth-financing-set-to-help-paptic-phase-out-rise-in-plastic-packaging/10266.article?ref=packaging-europe.ghost.io). The second round was led by UB Figg and, once closed, had raised a further €4.5 million. **If you liked this story, you might also enjoy:** [*How are the top brands progressing on packaging sustainability?*](https://packagingeurope.com/features/report-how-are-the-top-brands-progressing-on-packaging-sustainability/10890.article?ref=packaging-europe.ghost.io) [*The ultimate guide to global plastic sustainability regulation*](https://packagingeurope.com/features/report-the-ultimate-guide-to-global-plastic-sustainability-regulation/11084.article?ref=packaging-europe.ghost.io) [*How bad is ‘greenwashing’ in fast fashion packaging?*](https://packagingeurope.com/features/the-brief-how-bad-is-greenwashing-in-fast-fashion-packaging/11316.article?ref=packaging-europe.ghost.io) [*A conversation with P&G’s Chief Sustainability Officer*](https://packagingeurope.com/sustainable-packaging-summit-on-demand/sustainable-packaging-summit-fireside-chat-with-pandgs-chief-sustainability-officer/10696.article?ref=packaging-europe.ghost.io)