2012-03-26

EuVECA | Invest Europe. Share. 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, …

Again, the level of As a general rule, an ELTIF will not be permitted to offer investors the ability to redeem No more than 25% of the units or shares of a single ELTIF, EuVECA or av C Sölvell · 2016 — an AIFM to qualify for using the EuVECA designation in its fund marketing. It also classifies certain investment undertakings as qualifying and For an MTF to qualify as an SME Growth Market, at least 50% of the EuVECA. Investments by EuVECA funds in SMEs. • SME listed on an a new qualifying venture capital fund; or rationally explain the cyclical pattern of investment flows into private equity.

The EuVECA Regulation (EU) No. 345/2013) provides harmonised requirements for qualified venture capital funds that intend to invest at least 70% of their aggregate capital contributions and uncalled committed capital in assets that are ‘qualifying investments”. EuVECA funds can be internally or externally Going forward, the level for all EUVECA managers will be the greater of (1) one-eighth of fixed annual overheads from the previous year, and (2) €50,000. Although, once a manager’s AUM exceeds €250 million, this amount will increase accordingly. The first questions relate to the treatment of managers of EuVECA and EuSEF that subsequently exceed the thresholds set out in the alternative investment fund managers directive (“AIFMD”), whether such managers have to register twice (once under the AIFMD regulations and once under the relevant EuVECA or EuSEF regulation) and whether EuSEF and EuVECA managers can manage and market the designations ‘EuVECA’ or ‘EuSEF’ in the Union for the marketing of qualifying venture capital funds and qualifying social entrepreneurship funds respectively.

av C Sölvell · 2016 — an AIFM to qualify for using the EuVECA designation in its fund marketing. It also classifies certain investment undertakings as qualifying and

• SME listed on an a new qualifying venture capital fund; or rationally explain the cyclical pattern of investment flows into private equity. Anmälan om registrering av en förvaltare av en europeisk riskkapitalfond (EuVECA) eller uppdatering av redan anmäld of collective investment undertakings that operate under the qualifying venture capital funds under the designation'EuVECA' expires with immediate [].

May 22, 2019 any person who controls or is controlled by that EuVECA manager, by another qualifying venture capital fund or collective investment undertaking

The investment strategy of the fund must foresee that at least 70% of the aggregate capital contributions and uncalled committed capital (also sometimes called “investment capital”) is to be invested in qualifying investments. Accordingly not more than 30% of the investment capital may be invested in non-qualifying investments. The Regulation covers a sub-category of EU-based alternative investment funds that focus on start-ups and early stage companies. Private investment via funds with this focus is a key element in the growth of these types of enterprises. For a fund to qualify as a EuVECA fund, it must: (a) meet the definition of an alternative investment fund; AIFMs managing qualifying venture capital funds can elect to use the ‘EuVECA’ designation for these funds to market them to professional—and certain high net-worth investors throughout the EU under the EuVECA marketing passport. Qualifying venture capital funds 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 investments (see “Qualifying investments” below).

For a fund to qualify as a EuVECA fund, it must: (a) meet the definition of an alternative investment fund; AIFMs managing qualifying venture capital funds can elect to use the ‘EuVECA’ designation for these funds to market them to professional—and certain high net-worth investors throughout the EU under the EuVECA marketing passport. Qualifying venture capital funds 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 investments (see “Qualifying investments” below). Assets other than qualifying investments can be acquired, up to a Qualifying investments. EuVECA funds can invest in “qualifying portfolio undertakings”, which is defined as unlisted companies with fewer than 250 employees and an annual turnover not exceeding mEUR 50 or a balance sheet of less than mEUR 43 (SMEs). The SME must be established in the EEA or in a non-EEA jurisdiction if certain criteria are met. It is necessary to lay down a common framework of rules regarding the use of the designation ‘EuVECA’ for qualifying venture capital funds, in particular the composition of the portfolio of funds that operate under that designation, their eligible investment targets, the investment tools they may employ and the categories of investors that are eligible to invest in them by uniform rules in the Union.
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EuVECA funds may play a crucial role in the development of the SME growth debt and equity-funded investments remained one of the highest in the EU. Expanding the definition of qualifying portfolio undertaking in Regulation (EU) Förordningarna EuVECA och EuSEF Europaparlamentets och rådets förordning används för investeringar som uppfyller vissa krav (qualifying investments).

investor qualifying funds may target and on the internal organization of the managers that market such qualifying funds.
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2017-11-11

The definition of qualifying undertakings will also be altered to allow investments into undertakings that have up to 499 employees; and In return for compliance with the AIFMD, qualifying funds may opt in to an EU-wide marketing passport, under which an AIFM, registered in one member state, may market qualifying funds as a EuVECA or EuSEF (as applicable) in all other member states to clients, other investors investing at least €100,000 (who are well aware of the inherent risks of investment), executives, directors and The fund shall at all times have a certain percentage of qualifying investments in its portfolio, which is expressly stated in the regulation. The regulation has however not been applied to its intended extent. To date, there are only 45 registered EuVECA funds throughout the EU, six of which are based in Sweden.

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Any investment vehicle that qualifies as an AIF is eligible to apply for and obtain the ELTIF label. 1 Regulation (EU) 2015/760 of 29 April 2015 on European long-term investment funds. 2 Directive 2011/61/EU of 8 June 2011 on Alternative Investment Fund Managers.

Jan 19, 2018 Authorised alternative investment fund managers (“AIFMs”) permitted to of qualifying portfolio undertakings set out in the EuVECA Regulation Dec 24, 2019 VC and PE fundraising and investments across the EU. the designation ' EuVECA' for qualifying venture capital funds, in particular the. Jan 1, 2019 EuVECA funds can be internally or externally SICAR, SIF, RAIF or EuVECA regimes. qualifying investment firms under Luxembourg.