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December 15, 2021

PepsiCo invests in Closed Loop Partners’ Leadership Fund

The investment will be used to improve recycling infrastructure in the US.

PepsiCo Beverages North America, a subsidiary of US-based food and beverage company PepsiCo, has invested $15m in Closed Loop Partners’ Leadership Fund.

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Closed Loop Partners’ Leadership Fund is a private equity fund that acquires and develops companies in the packaging sector.

The company aims to improve recycling infrastructure and circular supply chains in the US to increase recycling rates and offer easy access to recovered packaging materials.

The acquisition is in line with PepsiCo’s goal to reduce the amount of virgin plastic from non-renewable sources used across its food and beverage portfolio by 50% by 2030.

PepsiCo expects to convert all its Pepsi-branded products to fully recycled polyethylene terephthalate (rPET) bottles by 2030.

PepsiCo Beverages North America chief sustainability officer and senior vice-president Jason Blake said: “The recycling landscape in America continues to be challenging, and as companies – including PepsiCo – set ambitious goals to use more recycled content in their packaging, there is more need than ever for partnerships and action to increase access to recycled material.

“Through PepsiCo Positive, our end-to-end strategic transformation agenda, sustainability is at the heart of everything we do.

“We are honoured to expand our partnership with Closed Loop Partners through this investment to advocate for and advance the necessary work that is being done to transform the recycling system.”

PepsiCo’s collaboration with Closed Loop Partners began in 2014, when it became one of the founding members of the Closed Loop Fund.

The company has also invested in Closed Loop Partners’ Beverage Fund through American Beverage’s Every Bottle Back Initiative.

Earlier this week, Closed Loop Partners’ venture capital group, Closed Loop Ventures, secured more than $50m in its second funding round.

The company will use the funding to expand circular economy solutions across plastics, packaging and supply chain technology among other sectors.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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