{"id":33252,"date":"2022-05-06T15:53:14","date_gmt":"2022-05-06T14:53:14","guid":{"rendered":"https:\/\/newsblogsnew.ihbc.org.uk\/?p=33252"},"modified":"2022-05-06T15:53:37","modified_gmt":"2022-05-06T14:53:37","slug":"leonardo-dicaprio-advisor-on-45m-circular-regenerative-fund","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=33252","title":{"rendered":"Leonardo DiCaprio advisor on $45M Circular\/Regenerative Fund"},"content":{"rendered":"<h3 class=\"p3\" style=\"layout-grid-mode: char; background: white;\"><span style=\"font-size: 12.0pt; font-family: 'Verdana',sans-serif; color: black; letter-spacing: .25pt;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-33253\" src=\"https:\/\/newsblogs.ihbc.org.uk\/wp-content\/uploads\/2022\/05\/dollar-300x300.png\" alt=\"\" width=\"169\" height=\"169\" \/>Backed by an all-star roster including Leonardo DiCaprio and circular economy pioneer William McDonough, a fledgling venture capital firm has announced the close of its first $45M fund for investment in circular and regenerative approaches to consumer industries.<\/span><\/h3>\n<p><!--more--><\/p>\n<h2 class=\"p3\" style=\"background: white; padding-left: 40px;\"><em><span style=\"color: #800080;\">\u2026 According to Smith, consumer supply chains account for 45% of global emissions\u2026<\/span><\/em><\/h2>\n<p class=\"p3\" style=\"layout-grid-mode: char; background: white;\"><i><span style=\"font-size: 12.0pt; font-family: 'Verdana',sans-serif; color: black; letter-spacing: .25pt;\">Forbes<\/span><\/i><span style=\"font-size: 12.0pt; font-family: 'Verdana',sans-serif; color: black; letter-spacing: .25pt;\"> writes:<\/span><\/p>\n<p class=\"p3\" style=\"layout-grid-mode: char; background: white;\"><span style=\"font-size: 12.0pt; font-family: 'Verdana',sans-serif; color: black; letter-spacing: .25pt;\">Why the focus on this segment? According to Smith, consumer supply chains account for 45% of global emissions. At the same time, climate- friendly apparel and consumer packaged goods provide a $4.5 trillion business opportunity, he says. The fund focuses on three areas: design (packaging and materials), use (products and brands) and reuse (reverse logistics and marketplaces). <\/span><\/p>\n<p class=\"p3\" style=\"layout-grid-mode: char; background: white;\"><span style=\"font-size: 12.0pt; font-family: 'Verdana',sans-serif; color: black; letter-spacing: .25pt;\">\u201cConsumers have power,\u201d says Michael Smith, general partner and co-founder. \u201cWe can vastly improve the planet through our buying decisions.\u201d<\/span><\/p>\n<h2>A Circular Technosphere<\/h2>\n<p class=\"p3\" style=\"layout-grid-mode: char; background: white;\"><span style=\"font-size: 12.0pt; font-family: 'Verdana',sans-serif; color: black; letter-spacing: .25pt;\">A significant inspiration for the fund came from McDonough\u2019s work on the circular economy\u2014 reusing or extending the life of materials in products. (McDonough is now a strategic advisor). \u2026.<\/span><\/p>\n<p class=\"p3\" style=\"layout-grid-mode: char; background: white;\"><span style=\"font-size: 12.0pt; font-family: 'Verdana',sans-serif; color: black; letter-spacing: .25pt;\">As for DiCaprio, he\u2019s both a strategic advisor and investor, serving as what Smith describes as a \u201csounding board\u201d for the fund. Smith says he can\u2019t reveal how much DiCaprio has invested, but describes him as \u201ca major investor\u201d. According to Smith, he and Fishman have known DiCaprio for a while. They approached him early on, about two years ago, and, says Smith, he signed on early as an investor\u2026.<\/span><\/p>\n<p class=\"p3\" style=\"layout-grid-mode: char; background: white;\"><span style=\"font-size: 12.0pt; font-family: 'Verdana',sans-serif; color: black; letter-spacing: .25pt;\">Ultimately,\u201dWe want to see dozens of funds doing what we\u2019re doing,\u2019 says Smith. \u2018We\u2019re planting our flag with the idea that this is a place you should care about.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Backed by an all-star roster including Leonardo DiCaprio and circular economy pioneer William McDonough, a fledgling venture capital firm has announced the close of its first $45M fund for investment in circular and regenerative approaches to consumer industries.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-33252","post","type-post","status-publish","format-standard","hentry","category-sector-newsblog"],"_links":{"self":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/33252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33252"}],"version-history":[{"count":2,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/33252\/revisions"}],"predecessor-version":[{"id":33255,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/33252\/revisions\/33255"}],"wp:attachment":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}