Mar 1, 2018 The requirements for a EuVECA fund are now so broad that Venture-Capital funds should generally meet the requirements. Additionally, Growth

frameworks – the European venture capital funds (EuVECA) and the European social entrepreneurship funds (EuSEF) – aimed at small fund managers, which would invest mainly in SMEs and social undertakings respectively. These investment funds can be marketed throughout the EU and benefit from a lighter regime

Application for the listing of exchange traded funds. • Kopia av tillstånd från Finansinspektionen (eller motsvarande utländsk myndighet) i förhållande till AIF-. EuVECA. The European Venture Capital Fund (EuVECA) Regulation offers a voluntary EU-wide marketing passport to qualifying fund managers, while sparing them the costs associated with authorisation and compliance with the AIFMD, such as the requirement to appoint a depositary.

Euveca funds

European Venture Capital Funds (EuVECAs) In order to benefit from the advantages attached to the registration as European Venture Capital Fund (“EuVECA”) manager and the EuVECA fund label, Alternative Investment Fund Managers (“AIFMs”) and the venture capital funds they manage must comply with the specific requirements laid down by the Regulation EuVECA is distinguished from a European Social Enterprise Fund mostly by its investments which are not required to have the primary objective of achieving measurable, positive social impacts. A fund that grows beyond the €500m limit must gain authorisation under the AIFMD - subject to which it may continue to use the EuVECA designation if it meets the other EuVECA requirements. This Practice Note provides an overview of the European Venture Capital Funds Regulation (EU) 345/2013 (the EuVECA Regulation) as amended by Regulation (EU) 2017/1991. The EuVECA Regulation is a specialist alternative investment fund (AIF) regime available to alternative investment fund managers (AIFMs) under the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD). european venture capital funds (euveca funds) Retail Investors The EuVECA Regulation restricts financial promotion to retail investors subscribing a minimum amount of €100,000 but there is no such restriction in the agreed text for the ELTIF regulation. European venture capital funds (EuV European venture capital funds from other Member States that meet the conditions for marketing in the Republic of Slovenia No. The EuVECA and EuSEF regulations came into force in July 2013. They establish a framework for investment funds which invest in unlisted SMEs.

Under the amended EuSEF and EuVECA regulations, both internally managed EuVECA/ EuSEF and external managers of EuVECA/ EuSEF must have an initial capital of €50,000. Own funds shall at all times amount to at least one eighth of the fixed overheads incurred by the manager in the preceding year. Other conditions also apply for both types of fund.

Oct 16, 2019 Crestbridge has been selected to provide Luxembourg fund AIFM and EuVECA manager services to the new €100m Hiro Capital fund, which

ESMA makes available two databases of managers of European Venture Capital Funds (EuVECA) registered in the Member States of the European Union (EU), as required by Article 17 of the EU Regulation N. 345/2013, of 17 April 2013, on European Venture Capital Funds (the EuVECA Regulation), and managers of Social Entrepreneurship Funds (EuSEF) registered in the Member States of the EU, as … 23 Aug 2019 AIFs Articles EuVECA Pre-marketing of AIFs and EuVECA Funds. Following the recent amendments to the AIFM Directive (“AIFMD”) and the EuVECA Regulation, this article discusses the new rules on pre-marketing covering both AIF and EuVECA Funds. AIFMD Cross-Border Pre-Marketing 1. The Regulation No 345/2013 on European Venture Capital Funds (EuVECA) and the Regulation 346/2013 on European Social Entrepreneurship Funds (EuSEF) became applicable on 22 July 2013.

). The Regulation on European venture capital funds (EuVECA) sets out a new “ European Venture

The Regulations no. 345/2013 on European venture capital funds (EuVECA) and no. 346/2013 on European social entrepreneurship funds (EuSEF) initially came into force in July 2013. The EuVECA Funds Regulation was adopted on 17 April 2013 and became applicable concomitantly to the AIFMD on 22 July 2013. An optional regime for managers below the AIFMD thresholds. The aim of the EuVECA Regulation is to make it easier for venture capital fund managers that are below the AIFMD thresholds to raise funds across Europe.

As of 01 March, the newly revised EuVECA regulation is in effect. The EuVECA regime, which has only received little attention from the industry, will likely see a rise in popularity with managers of Venture-Capital and Growth-Funds and potentially even with managers of Small-Cap-Buy-Out-Funds.

This SMP Briefing aims to present the EuVECA regime, highlight the newest revisions and describe EuVECA and EuSEF are voluntary fund frameworks so their take-up depends on stakeholder interest in setting up such fund vehicles. Funds complying with these regulations receive a marketing passport which allows them to collect capital from investors across the EU, who are able to commit at least €100,000. SEIS and EIS venture capital funds should be qualifying funds under the EuVECA Regulation provided they are only marketed to professional investors or high net worth investors pursuant to Article 6 of the EuVECA Regulation. The Securities Market Agency is a legal entity of public law. It is independent in performing its tasks.
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The RAIF (Reserved Alternative Investment Fund) structure, which became available in the summer of 2016, allows private equity and venture capital fund initiators to set up 2019-04-29 The EuSEF Regulation supports the provision of finance to social businesses which are undertakings whose primary objective is to achieve social impacts rather than generate profits for shareholders and the EuVECA Regulation supports venture capital. An EuVECA fund is a collective investment undertaking that intends to invest at least 70% of its aggregate capital contributions and uncalled committed capital in qualifying EuVECA Funds The definition and conditions for pre-marketing of EuVECA Funds are set out in the New Regulation amending the EuVECA Regulation and are equivalent to the conditions set out above. Pre-marketing activities by non-authorised AIFMs The provisions set out in the amended AIFMD governs authorised AIFMs. The European Venture Capital Fund Regulation (EuVECA) is a voluntary regime and introduces a marketing passport regime for venture capital fund managers.

Requirements The EuSEF Regulation supports the provision of finance to social businesses which are undertakings whose primary objective is to achieve social impacts rather than generate profits for shareholders and the EuVECA Regulation supports venture capital. Zudem stehen EuVECA-Fonds allen Investoren mit ausreichenden Kenntnissen und einer – vergleichsweise geringen – Mindestkapitaleinlage von EUR 100.000 offen.
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The EuVECA Funds Regulation was adopted on 17 April 2013 and became applicable concomitantly to the AIFMD on 22 July 2013. An optional regime for managers below the AIFMD thresholds. The aim of the EuVECA Regulation is to make it easier for venture capital fund managers that are below the AIFMD thresholds to raise funds across Europe.

Den är (EuSEF) och 345/2013 om europeiska riskkapitalfonder (EuVECA). Application for the listing of exchange traded funds.