American record label founded by Phil Walden, Alan Walden, and Frank Fenter.

First Incarnation 1969-1979
The first incarnation lasted from 1969 until 1979 when the company went out of business. Buring this period, distribution was handled by Atlantic Records, then Warner Bros and finally PhonoDisc.

Second Incarnation 1991-2000
The Walden's reformed the label for a second incarnation in the early 90s. The label was the home to such acts as 311 and Cake before shutting down again in 2000. Distribution during the second incarnation was handed by Warner Bros., then RED Distribution and finally back to PolyGram.

After Capricorn
In December of 2000, Phil Walden sold the label's assets to Volcano (2). Because the Walden's had agreed not to use the Capricorn name for at least 5 years, they formed Velocette.