Viventures Partners, the venture capital management company formerly owned by Vivendi Universal, has hired Edgard Taureau as president and chief executive amid continuing uncertainty over the future investor base of Viventures II, its €300m second fund.

Global Asset Capital (GAC), a Boston-based venture capital house, acquired Viventures Partners from Vivendi at the beginning of the year using Hamilton Lane, the global private equity fund of funds manager, as its adviser.