Belgium-based fund manager Capricorn Venture Partners has announced the change of its name to Capricorn Partners.
The firm has said the new name reflects the recent changes to the structure of the company and nature of the funds its currently managing.
Last year, the capital structure of firm was opened to a number of key staff members, including executive committee members Yves Vaneerdewegh and Sabine Vermassen as well as senior investment managers Olaf Cörper and Katrin Geyskens.
Prior to these changes, Capricorn was majority-owned by founder and chairman of the executive committee Jos B Peeters, alongside board chairman Prof Philippe Haspeslagh as the only other shareholder.
Back in late 2010, Capricorn merged with fellow Belgian venture firm Quest Management, which in turn added quoted equity management to its strategy.
Today, Capricorn manages fives funds including Capricorn Digital Growth Fund, Capricorn Sustainable Chemistry Fund, Capricorn ICT Fund, Capricorn Health-Tech Fund and Capricorn Cleantech Fund.
The VC recently launched Capricorn Scorpio Investment Management, a China-based joint venture to advise on the €45m China – Belgium (Europe) Technology Innovative Industry Fund.
Earlier this year the firm raised €86.5m for the final close of its Capricorn Sustainable Chemistry Fund.
Capricorn went on to join a $18m funding round for its portfolio company, icometrix, led by Forestay Capital.
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