Munich-based investment house Cipio Partners has recruited Alexander Brand as venture partner.

Brand was formerly the chief executive of Windeln, a German babycare business that he founded and led through to its listing on the Frankfurt stock exchange.

Before that, he spent a number of years in various roles at Siemens and at 12 Snap, a marketing company he co-founded. He began his career at consultants A.T. Kearney.

At Cipio, Brand will work on both new investments and portfolio management.

Cipio closed its seventh fund, Cipio Partners Fund VII SICAR, at €174m last year. The firm invests in secondary direct and growth capital deals.