The private equity firm's debut growth fund has closed at its $76.6m hard cap following commitments from Henkel, Axa and Philips.

Corporates Philips, Henkel and Axa are among the limited partners that have helped UK-based private equity firm Circularity Capital close a growth fund at its £60m ($76.6m) hard cap.

Electronics and medical equipment provider Philips, chemical and consumer goods producer Henkel and insurance firm Axa’s Axa Investment Management subsidiary were joined by BNP Paribas Fortis, the Belgian arm of banking group BNP Paribas, as well as unnamed family offices.

Founded in 2014, Circularity Capital plans to use the fund, which…