Belgian investment company Quest for Growth (Euronext Brussels: QFG), managed by Capricorn Partners, has announced a strategic reorientation aimed at returning to its core mission: investing in unquoted growth companies and successful small-cap stocks.
As part of this strategic reset, the Board of Directors will propose a capital reduction of 18.7 million euros, equivalent to 1 euros net per share, to be distributed to shareholders.
The move, pending approval by the FSMA and shareholders at an extraordinary general meeting on 9 December (second convocation on 29 December), will be funded through existing cash and the sale of non-core large-cap holdings.
“This operation is more than just a financial transaction”, says Lieve Creten, Chair of the Board. “It symbolises our ambition to reposition Quest for Growth as a focused growth fund, while creating value for shareholders.”
The revised strategy will see Quest for Growth phase out large-cap investments and redirect resources – either directly or via specialised funds – towards venture and growth capital in three priority sectors: Digital, Health, and Cleantech.
Steven Levecke, partner at Capricorn Partners, will lead the implementation of the new strategy. “We want to distinguish ourselves by providing access to innovative companies with strong growth potential”, he says.
In parallel, the board plans to reduce management fees (from 1.0 percent to 0.9 percent of authorised capital as of 1 January 2026) and streamline governance by cutting the number of directors and exploring further cost savings.
The strategic shift is designed to sharpen Quest for Growth’s market profile as a specialist in private and small-cap growth investments, boost long-term growth potential, and narrow the share’s discount to net asset value.
