Capricorn Venture Partners announces first closing of its Capricorn Sustainable Chemistry Fund (CSCF) at € 50 million
Leuven, Belgium: 23 December 2016 – Capricorn Venture Partners is pleased to announce the closing of the 1st round of financing for the Capricorn Sustainable Chemistry Fund (CSCF) at € 50 million, an important milestone in the fundraising process. Key investors in this first closing are Quest for Growth public privak, ARKimedes-Fonds II (ParticipatieMaatschappij Vlaanderen), FPIM (Federale Participatie en Investeringsmaatschappij), SRIW (Société Régionale d’Investissement de Wallonie), family offices and entrepreneurs.
The objective of the Fund is to create shareholder value through financial return combined with the Sustainability Impact of the planned investments. CSCF offers a unique opportunity to investors to contribute to a more sustainable future through innovative new technologies, based on renewable/non-fossil resources that provide performance and value, while protecting and enhancing human health and the environment.
Sustainable chemistry uses natural resources and processes to make products that have a reduced carbon footprint, and a better environmental profile. As such the Capricorn Sustainable Chemistry Fund will capture growing opportunities emerging from a wave of innovation across the value chain, from alternative feedstocks to more sustainable solutions for everyday products in food & feed, fibers & fuels, and functional materials for a broad range of applications.
More info on the press release.