Macfarlanes has advised specialist investment firm Circularity Capital on the raising of its debut fund, Circularity European Growth Fund I LP, which has exceeded its GBP50 million target and closed at its GBP60 million hard cap.
Investment commitments came from global financial institutions, family offices, private investors and strategic corporate investors with funds being used to invest in growth stage European SMEs in the circular economy.
The Macfarlanes team was led by investment management partner Stephen Robinson with assistance from senior solicitor Harriet Miller. Tax expertise was provided by tax partner Mark Baldwin.
Stephen Robinson, says: “We are delighted to work with Circularity on the successful fundraise of their debut fund investing within the circular economy.”
David Mowat, co-founding partner at Circularity, says: “The Macfarlanes team have been instrumental in assisting with this fundraise and their advice and consistent support has been invaluable.”
