A Fund Manager Is Using Big Plastic’s Money to Stop Ocean Trash
- Circulate Capital has raised $106 million from plastics makers
- Seeks to win over larger investors with meaningful returns
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For some money managers, closing a $100 million fund would be akin to reeling in a big fish. For Rob Kaplan, it’s just the bait.
Kaplan, a former Walmart Inc. executive, plans to invest the $106 million he’s raised from some of the world’s biggest plastics makers in companies that promise to prevent trash from ending up in the oceans.