Firms

PMV (Participatiemaatschappij Vlaanderen)

PMV (Participatiemaatschappij Vlaanderen)

Brussels, Belgium · Flanders, Belgium

pmv.eu

Participatiemaatschappij Vlaanderen NV, publicly branded PMV, is the Flemish government investment and financing institution, legal Belgian enterprise BE0455.777.660, headquartered at Oude Graanmarkt63 in Brussels. The statutory company was formed July31,1995; the present independent financing platform dates from2001 and celebrated its25-year operating anniversary in2026. PMV combines direct equity, loans, guarantees, fund commitments and strategic infrastructure investments to support companies with a meaningful Flemish connection from startup through international growth. Digital technology, life sciences and care, energy transition, industrial innovation and real estate are among its mandates. General Manager Michel Casselman and Chairman Koen Kennis are confirmed by the current2026 report and own directory. The complete live public directory names213 people across operating, governance, investment, credit, legal, support and specifically labelled related fund-management teams; these213 published affiliations are not a claim that all are direct investment professionals or an employee headcount. The audited2025 report separately counts188 employees. Named original portraits are available for197 of these people;16 lack recoverable original assets. Shared existing people, external board roles and authentic prior portraits are preserved. PMV owns but is legally distinct from PMV Fund Management NV, a separately governed manager. Its current affiliated funds include PMF Infrastructure Fund, EPICo I, EPICo II, Welvaartsfonds and Invest for Jobs, whose management transferred to that subsidiary in June2025. Those are not silently reassigned as parent-managed funds or parent cash investments. Welvaartsfonds completed aEUR167M first commitment close inAugust2021 and reachedEUR205M with a second close announced December1,2021; these completed committed fund sizes differ from paid drawn capital. A government answer separately reports onlyEUR48.8M paid of PMV ownEUR80M commitment. The earlierEUR500M policy target andEUR240M government allocation are not recorded as actual fund closes. PMV also performs fiduciary and operational management of the Flemish government’s Flanders Future Techfund, while separately owned Biotechfonds Vlaanderen and ARKimedes vehicles retain their own legal buyer attribution. The2025 annual report showsEUR4.7646B advised/managed assets and aEUR2.553634455B December5,2025 corporate capital increase connected to Brussels Airport; AUM, balance-sheet subscribed capital and uncalled capital are not new LP fund closes or automatically paid investment tickets. Primary own reMYND evidence confirms an earlier convertible loan and later2018/2021 equity participations; related2022 syndicate members remain unpublished. PMV Pharma is an unrelated US biotechnology company and is left untouched.

Founded
1995
Type
Venture capital

Funds1

  • Flanders Future Techfund (Flemish government fiduciary mandate)—

    Flemish government technology investment fund established2019, with PMV explicitly providing operational and fiduciary management. It helps regional strategic researchcentres/universities/clusters commercialise technology.2025annualreport listsMagics,SpicaTherapeutics,EDGX andhistoricalSwave,Astrivax,Effex,FlinderTherapeutics,Amphistar,Robovision,CloudsofCare. Governmentbudget/LPcommitmentcorpus and exactclosingday remain unpublished here; nativeamount/dateNULL. The government beneficialcapitalowner, PMVmandate andsubscribervehicle are distinct; notautomatically PMV ownbalancesheetbuyer.

Team

Operations and support

Alain Van HoorebekeAlain Van HoorebekeFile manager
Alex De RidderAlex De RidderCorporate Relations Officer
Alexander Van LilESG Consultant
Amber De BrabanderAmber De BrabanderSenior Legal counsel
Ana Algueró NadalInvestment analyst
Anja MackelbergAnja MackelbergCredit analyst
Ann Van De BroeckAnn Van De BroeckFile manager
Anne-Sofie BogaertsAnne-Sofie BogaertsInvestment Manager
Anouck De SchrijverAnouck De SchrijverSenior investment manager
Anthony Van AerdebruggeAnthony Van AerdebruggeHead of Human Resources
Anton DebraekeleerAnton DebraekeleerFunctioneel Analist
Audrey De PauwAudrey De PauwDossierbeheerder
Aurelie NowackAurelie NowackSenior investment manager
Baptiste GhesquièreBaptiste GhesquièreCredit Analyst
Bart De TaeyeBart De TaeyeHead of Life Sciences & Care
Bertrand Van RegemortelBertrand Van RegemortelInvestment Director Real Estate
Brecht VerhaegenBrecht VerhaegenHead of Gigarant
Carine CarlierCarine CarlierFile manager
Carine Van YperCarine Van YperAuditor
Carolien D’HauwersCarolien D’HauwersSenior Investment Manager
Caroline CoppensSenior Legal Counsel
Caroline DaskalidèsCaroline DaskalidèsSenior Legal counsel
Catherine GeurdenCatherine GeurdenLoan and contract management
Cato Van LeysenCato Van LeysenInvestment Manager
Charlotte DereereCharlotte DereereInvesteringsmanager
Chiela MoensChiela MoensSenior investment manager
Christel MichielsChristel MichielsCommunications manager
Christel MommaertsChristel MommaertsDirectie-assistente
Christiaan BeyaertChristiaan BeyaertSenior Accountant
Christophe BehielsChristophe BehielsInvestment Manager
Christophe OstChristophe OstProject Manager
Danny GeerinckxDanny GeerinckxDossierbeheerder
Danny Van RoijenDanny Van RoijenCompliance Manager
Danny Van WilderDanny Van WilderSystem engineer
Dany VandeveldeDany VandeveldeInvestment Director Equity Investments
Davy De NutteDavy De NutteBusiness Application Support Officer
Didier DetobelDidier DetobelICT Operations Support Officer
Dieter BlondeelDieter BlondeelSenior Investment Manager
Dries De LuyckDries De LuyckFunctioneel Analist
Débra WellekensDébra WellekensExecutive assistant
Elke MeertElke MeertManagement assistant
Elke Van de WalleElke Van de WalleExecutive Committee Member - Legal Affairs and Audit
Ellen De GreveEllen De GreveCredit analyst
Els DebulpaepEls DebulpaepManagement assistant
Els LambertsEls LambertsSenior Investment Manager
Elsie Van NyverseelElsie Van NyverseelSenior Accountant
Emile SymonsEmile SymonsSenior investment Manager
Eric Van CauwenberghEric Van CauwenberghPMV Fund Management Executive Committee Member - Risk & Compliance (related manager)
Erwin AdriaenssensErwin AdriaenssensAuditor
Erwin VrijensErwin VrijensHead of Real Estate
Evelyne van WijkEvelyne van WijkInvestment manager
Evi WensEvi WensSupervisor PMV-Standaardleningen
Fanny LietaerFanny LietaerManagement assistant
Feya SmetsFeya SmetsInvestment manager
Filip ClarisseFilip ClarisseCommunications manager
Filip GoossensFilip GoossensSenior investment manager
Filip LacquetFilip LacquetExecutive Committee Member - Corporate Finance
Florian VandervekenFlorian VandervekenInvestment Manager
Frank KindtFrank KindtHead of Communications
Geert DiericxGeert DiericxExecutive Committee Member - Finance
Geert GlorieuxGeert GlorieuxFacility employee
Geert JacobsGeert JacobsHead of Transport & Digital infrastructure · PMV Fund Management affiliation (related manager)
Geert LoyensGeert LoyensDossierbeheerder
Geert MertensGeert MertensSPV manager
Geert OstGeert OstParalegal
Geert SchoukensGeert SchoukensInvestment Director
Geertrui De BruynGeertrui De BruynInvestment Support Officer
Gieljan Van de VeldeGieljan Van de VeldeSenior Legal Counsel
Godfried AmpeGodfried AmpeSenior Legal Counsel
Gorik NoynaertGorik NoynaertSPV Manager
Gregory DenturckGregory DenturckBI manager
Greta LeetenGreta LeetenAuditor
Hafida AjouaouHafida AjouaouDossierbeheerder
Hava IzciHava IzciInvesteringsanalist
Hava KurbanovaHava KurbanovaManagement Assistant
Hayal KarahisarliHayal KarahisarliAccountant
Heleen De BockHeleen De BockSenior Legal Counsel
Hendrik-Jan Van Der GuchtHendrik-Jan Van Der GuchtSenior Investment Manager
Hilde FamaeyHilde FamaeyBoard Director
Hilde Van NieuwenhuyzenHilde Van NieuwenhuyzenManagement assistant
Isaak BooneIsaak BooneInvestment manager
Isabelle De WitIsabelle De WitHead of PMV-Standaardleningen Front Office
Isabelle GiertsIsabelle GiertsSenior Investment Manager
Issandra TursiniIssandra TursiniInvestment Support Officer
Jan HollezJan HollezBoard Director
Jan LebonJan LebonAuditor
Jan MarienJan MarienSenior Legal counsel
Jason-Louise GrahamJason-Louise GrahamInvesteringsmanager
Jean De VreezeDossierbeheerder
Jeroen VergoteJeroen VergoteInvestment Director
Jessica BouillonJessica BouillonInvestment Support Officer
Jim PriemInvesteringsmanager
Joachim ExterFund administrator
Joeri CoversJoeri CoversFacility manager
Johan KeppensJohan KeppensInvestment Director Equity Investments
Johan LaesJohan LaesFile manager
Johan ReynaertJohan ReynaertEU Laison officer
Jolien Van de VeldeJolien Van de VeldeReporting Officer Infrastructure
Julie BockstalJunior Credit Analyst
Karen ThiersKaren ThiersHR consultant
Karen Van CampenhoutKaren Van CampenhoutDossierbeheerder
Karin VervloetKarin VervloetExecutive assistant
Karolien PhlipsKarolien PhlipsSenior Legal counsel
Kathy ThijssenKathy ThijssenSenior Accountant
Katrien De BrauwerKatrien De BrauwerInvestment Support Officer
Kelly NiesingKelly NiesingManagement assistant
Kenneth VanheckeKenneth VanheckeCorporate Relations Manager
Kenneth WilsKenneth WilsHead of Life Sciences & Care
Kiana ButtiensKiana ButtiensInvesteringsanalist
Kjell MortierSenior Investment Manager
Kjell VerleyKjell VerleyCredit analyst
Koen De PelsemaekerKoen De PelsemaekerHead of unit Program Management
Koen HeindryckxKoen HeindryckxInvestment Director
Koen KennisKoen KennisBoard Director
Koen LebeggeKoen LebeggeGovernment commissioner
Kristel RaesKristel RaesSupervisor PMV-Standaardleningen
Kristien SmedtsKristien SmedtsBoard Director
Kristina LoguinovaKristina LoguinovaHead of Compliance
Kylie VandecauterKylie VandecauterDossierbeheerder
Len WachsmuthLen WachsmuthInvestment analyst
Lennert ThomasLennert ThomasSenior Investment Manager
Lien HaesaertDossierbeheerder
Lien VannieuwenhoveLien VannieuwenhoveInvestment Support Officer
Lieselot VersyckSenior investment manager
Lieselotte De TroyLieselotte De TroyDossierbeheerder
Lieven De JongeLieven De JongeInvestment Director Equity Investments
Luc Van RooijenLuc Van RooijenFund manager · PMV Fund Management Fund Manager (related manager)
Léandre KabuyaDossierbeheerder
Maarten BettensMaarten BettensSenior Investment Manager
Malika KurbanovaBoekhouder
Malika TsagaraevaMalika TsagaraevaManagement Assistant
Marc NeirinckxMarc NeirinckxSenior Investment Manager
Marie DelbekeMarie DelbekeHead of Unit Expert
Matthieu van den BogaertCommunications Manager
Mauro Do PradoMauro Do PradoFacilitair Medewerker
Maxime Van PeelMaxime Van PeelHead of RK Sustainable Industries
Michaël RaesMichaël RaesSenior Investment Manager
Michel CasselmanMichel CasselmanGeneral Manager
Michiel NagelsMichiel NagelsCompliance Officer
Nathalie SierensNathalie SierensInvestment Director Corporate Loans
Nathalie Van BruaeneNathalie Van BruaeneSenior investment manager
Nicholas HartnettNicholas HartnettInvestment Manager
Nick WoutersNick WoutersBusiness Application Support Officer
Oliver Vander CruysseOliver Vander CruysseSenior Investment Manager
Pepijn WuytackPepijn WuytackKredietanalist PMV-Standaardleningen
Peter DomsPeter DomsCompliance manager
Peter SleeckxPeter SleeckxHead of PMV-Standaardwaarborgen
Peter VerhaeghePeter VerhaegheBoard Director
Peter VosPeter VosSenior Investment Manager
Petra GeerdensPetra GeerdensHead of PMV-Standaardleningen Back Office
Piet RensonPiet RensonInvestment Manager
Pieter CeustersPieter CeustersSenior investment manager
Pieter HensenPieter HensenSenior investment manager
Pieter SablonPieter SablonInvestment Director Transport & Digital Infrastructure
Pieter-Jan D’HaesePieter-Jan D’HaeseInvestment manager
Quinten DepréQuinten DepréInvestment Manager
Raf SuysRaf SuysBoard Director
Renate VerhoevenRenate VerhoevenSupervisor PMV-Standaardwaarborgen
Renaud KayaertRenaud KayaertAuditor
Rik TruijenRik TruijenSenior Investment Manager
Rindert MissiaenRindert MissiaenInvesteringsmanager
Roald BorréRoald BorréExecutive Committee Member - Equity Investments
Robin MeesRobin MeesInvestment Director
Ronny LeloupRonny LeloupInternal auditor
Ruth Van WalleRuth Van WalleSenior Legal counsel
Sanne VergaelenSanne VergaelenSupervisor Investment Support
Sara VannesteSara VannesteInvestment manager
Sebastien TobbackSebastien TobbackInvestment manager
Simon CeulemansSimon CeulemansSenior Legal Counsel
Simon GheysenSimon GheysenBoard Director
Smitha Van den AckerSmitha Van den AckerParalegal
Sofie BijnensSofie BijnensInvestment manager
Sophie De BieManagement Assistant
Sophie ManigartSophie ManigartBoard Director
Stephanie EvenepoelStephanie EvenepoelESG Manager
Steven AdonsSteven AdonsInvestment Director Real Estate
Steven De SchepperSteven De SchepperInvestment Director Transport & Digital Infrastructure
Steven LassatSteven LassatFund manager
Steven OosterlynckSteven OosterlynckSPV Manager
Sven LenaertsSven LenaertsBI Manager
Sébastien DurbecqSébastien DurbecqFunctioneel Analyst
Thijs VerbeurgtThijs VerbeurgtBoard Director
Thomas BekeThomas BekeInvestment manager
Thomas BergerThomas BergerInvestment manager
Thomas MarrecauThomas MarrecauInvestment analyst
Thomas RossaertThomas RossaertInvestment manager
Thomas YkmanThomas YkmanInvestment manager
Tiffany Van BenedenTiffany Van BenedenManagement assistant
Tim LievensTim LievensHead of Corporate Loans
Tim MoonensTim MoonensHead of ICT
Tim NevenTim NevenFinancial analyst
Timon TerrensTimon TerrensSenior Legal Counsel
Timothy LookTimothy LookICT Operations Officer
Tine BekaertTine BekaertSenior Investment Manager
Tine VandenbusscheTine VandenbusscheExecutive Committee Member - Operations
Tobias WilmsTobias WilmsInvesteringsmanager
Tom BiesemansTom BiesemansSenior investment manager
Tom De BosschereTom De BosschereInvestment Director
Tom De KeersmaeckerTom De KeersmaeckerInvestment Support Officer
Tom LeemansTom LeemansHead of Accounting
Tom MortierTom MortierHead of Energy Transition · PMV Fund Management affiliation (related manager)
Tom PittevilsTom PittevilsAccountant
Veerle GysembergVeerle GysembergHR Officer
Veerle Van den AckerFund & Loan Administrator
Vincent HebbelynckVincent HebbelynckHead of Unit Expert
Ward StynenWard StynenInvestment manager
Werner DecremWerner DecremExecutive Committee Member - Infrastructure & Real Estate · PMV Fund Management affiliation (related manager)
Werner ElpersWerner ElpersSenior credit analyst
William OlyslagerWilliam OlyslagerInvestment manager
Wim D’HoeWim D’HoeFile manager
Wouter WinnenHead of Fund of Funds
Xuefei LiuXuefei LiuInvestment analyst
Yves SlachmuyldersYves SlachmuyldersInvestment Director

Co-investing

Gemma Frisius Fund
AdBio Partners
V-Bio Ventures
VIB (Flanders Institute for Biotechnology)
Asabys Partners

Investments

$—2025-03-24Augustine TherapeuticsNovo Holdings, Jeito Capital, AdBio Partners, PMV (Participatiemaatschappij Vlaanderen), Gemma Frisius Fund, Asabys Partners, Newton Biocapital, V-Bio Ventures, Eli Lilly and Company, CMT Research Foundation, VIB (Flanders Institute for Biotechnology)
€17M2024-06-26Augustine TherapeuticsAsabys Partners, AdBio Partners, PMV (Participatiemaatschappij Vlaanderen), Gemma Frisius Fund, V-Bio Ventures, Eli Lilly and Company, CMT Research Foundation, VIB (Flanders Institute for Biotechnology)
€12M2021-01-21reMYNDKorys, KU Leuven, PMV (Participatiemaatschappij Vlaanderen), BNP Paribas Fortis Private Equity, SFPIM
€4M2019-12-16Augustine TherapeuticsAdBio Partners, PMV (Participatiemaatschappij Vlaanderen), Gemma Frisius Fund, V-Bio Ventures, VIB (Flanders Institute for Biotechnology)
€12M2018-12-18reMYNDKorys, PMV (Participatiemaatschappij Vlaanderen), Bernard Majoie, KU Leuven, Gemma Frisius Fund, BNP Paribas Fortis Private Equity
$—Unknown datereMYNDPMV (Participatiemaatschappij Vlaanderen)