Polestar Capital, a Dutch asset manager and impact investor, announced on Tuesday, April 4, that it has added €85M to its Polestar Capital Circular Debt Fund (PCDF), bringing the total to €187M to accelerate the transition to a circular economy.
Investors include Dutch state impact investor Invest-NL and insurers Onderlinge ‘s-Gravenhage and De Hoop. The Province of Limburg has also decided to participate but is still finalising the details of its involvement.
Maarten van Gaans-Gijbels, deputy for Energy and Climate of the Province of Limburg, says, “The investment of Limburg in PCDF contributes to the Dutch government’s ambition to be fully circular by 2050, by making sure that financing is available for innovative circular economies from Limburg and beyond to scale-up and generate the necessary impact.”
Financing for projects with meaningful impact
Founded in 2012, Polestar Capital claims to fund sustainable projects with a solution-oriented approach and making a significant difference. It is regulated by the Dutch Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB).