Less than a year after stepping down as managing general partner of St. Paul Venture Capital, Patrick Hopf has reemerged with a new investment firm and a reinvigorated focus on supporting non-technology companies.
Hopf’s new endeavor is Symmetry Growth Capital, an Eden Prairie, Minn.-based firm launched in September to provide expansion and later-stage funding to companies engaged in the consumer products, retailing, manufacturing, education or industrial sectors. Symmetry has already raised most of the $50 million it targeted for its inaugural fund, and Hopf says that a second and final close is slated for early next quarter. Prominent within the vehicle’s limited partner roster is St. Paul Cos., which participated despite its recent divestment from its fund-of-funds activities.
“I had been with St. Paul for a long time and I was ready for a change,” explains Hopf, who helped found St. Paul Venture Capital in 1988.
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