Venture capital fund management specialist Multiple Capital has signed an agreement with Capimont Technology to become manager of a technology fund, the company announced on Wednesday.

Under the agreement with Capimont Technology and its limited partners, including Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ, Multiple Capital will manage the Multiple Capital Fund II.

The fund will replace the former Capimont Technology Fund, which is composed of nine investments in companies operating in high technology sectors, including clean tech, semiconductor and advanced technology.

“We are very excited and honoured to have been selected by the Capimont Technology Limited Partners to take over the destiny of this fund and optimize its return through our know-how and renowned hard work,” said Claude Vachet, managing partner at Multiple Capital.

IE