Capricorn Cleantech Fund announces its first closing

Leuven, Belgium, November 9 2006 - Capricorn Venture Partners is pleased to announce a first closing of Capricorn Cleantech Fund. 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 innovative growth companies having or developing breakthrough technologies in the field of e.g. renewable energy, water purification, clean air and soils, reduction of greenhouse gases, biobased chemicals, biorefineries, ...

Cleantech is an emerging category in the venture capital industry that combines a number of technologies that are projected to be important in the coming years. In the US Cleantech has become the third investment category after biotechnology and
software.

The press release can here be downloaded in PDF format.