(CercleFinance.com) – In order to step up its support for the circular economy, Societe Generale announces that it is taking a stake in Polestar Capital Circular Debt Fund (PCDF), presented as ‘the only private debt fund in Europe dedicated to the economy circular’.
Launched in the Netherlands in 2022, the PCDF provides non-dilutive financing to companies that rely on the principles of the circular economy.
It primarily targets high-growth markets addressed by circular models in areas such as biomass waste, biomolecules, plastic pollution treatment, sustainable construction and the man-made environment.
“This partnership aims to establish a continuity of corporate financing solutions, with a first level of debt support provided by the PCDF and then a smooth transition to Societe Generale for their next stages of development”, explains Marie-Aimée in substance. Boury, Head of Impact Based Finance at Societe Generale Corporate & Investment Banking.