Capricorn Fusion China Fund announces intermediate closing bringing commitments to over € 30 million
25 May 2021
Leuven, Belgium: 30 April 2021 – Capricorn Partners, the Leuven-based independent manager of venture capital and equity funds, announces the intermediate closing of its Capricorn Fusion China Fund (“CFCF”) securing more than € 30 million of commitments.
The Capricorn Fusion China Fund is the newest investment fund being managed by Capricorn Partners. Capricorn Partners took over the management of this fund from Fusion Partners on 1 October 2020.
The fund focuses on investments in companies which establish a link between the European and Chinese markets. The fund is looking for, on the one hand, innovative European companies which see a clear role for the Chinese market in their development (in sourcing, supply, production or commercialization). On the other hand, the fund will also invest in Chinese companies who want to enter the European market.
The CFCF fund can invest over the financing continuum — from scale-up to unlisted growth companies — and now has two participations:
- XenomatiX, a Belgian technology company which develops Lidars (a technology that uses laser pulses to determine the distance to objects) for the mobility market and who wants to be a key player in the race for autonomous vehicles, where the Chinese market offers enormous potential;
- Xi’an Thiebaut, a Belgian-Chinese joint venture which, as supplier for the Chinese pharma and cosmetics industry, makes and commercializes aluminium tubes in northern China (Xi’an).