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Belgian Capricorn Cleantech Fund holds €26m first closing Belgian Capricorn Cleantech Fund holds €26m first closing

10 Nov 2006. Source: AltAssets.
Capricorn Cleantech Fund has held a first closing on €26m. Capricorn Venture Partners expects to raise between €75m and €100m in commitments.

Cornerstone investors are PMV (ParticipatieMaatschappij Vlaanderen), Electrabel (a member of the Suez Group) and M.R.B.B. (holding company of the group Boerenbond).

Capricorn Cleantech Fund will invest in European companies operating in areas including renewable energy, water purification, clean air and soils, reduction of greenhouse gases, biobased chemicals and biorefineries.

Capricorn Venture Partners has strengthened its team with the appointment of Paul Decraemer, an experienced investment manager in the sustainable energy area. Decraemer will spearhead the Cleantech investment practice within Capricorn Venture Partners.

Capricorn Venture Partners is based in Leuven, Belgium.

Copyright © 2006 AltAssets

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