Matt Parker, former Partner & Chief Financial Officer of New  York-based venture capital firm Greycroft, has joined circular economy-focused investment and innovation firm Closed Loop Partners as Chief Financial Officer & Managing Director. Matt will manage the financial operations of Closed Loop Partners’ asset management business as well as the firm’s innovation hub, the Center for the Circular Economy. 

Prior to joining Closed Loop Partners, Matt managed finance, legal and operations at Greycroft,  a seed-to-growth venture capital firm, for eight years. During his time at Greycroft, he scaled the firm’s infrastructure from $600 million of capital raised to over $2 billion, with over 200  investments under management. His time at Greycroft is preceded by a notable career in strategic and operational financial management and alternative asset investing. 

“Investment and innovation are critical pieces to building closed-loop systems, and Closed Loop  Partners has been a pioneer in accelerating the transition to the circular economy,” says Parker.  “I am thrilled to join the entire Closed Loop Partners team and look forward to combining my  finance and investment experience with the firm’s deep sector expertise.” 

“Closed Loop Partners is at a key moment of growth as the circular economy becomes a top priority for investors and corporations working to meet climate goals,” says Ron Gonen, Founder  & CEO of Closed Loop Partners. “With the circular economy driving a $4.5 trillion capital shift  by 2030 globally, we are thrilled to have Matt join the Closed Loop Partners team to advance our  firm’s strategic growth and capital optimization.”  

The firm’s investments align capitalism with positive social and environmental impact by reducing waste and greenhouse gas emissions via materials innovation, advanced recycling technologies, supply chain optimization and landfill diversion. To date, the firm has made over  60 investments in solutions advancing circularity, which has led to 6.8 million tonnes of greenhouse gas emissions avoided and 3.6 million tons of materials kept in circulation.