Venture Capital Fund

The Special Limited Partnership is certainly the perfect vehicle for venture capital promoters trying to attract business angels and venture capital investors for the below reasons:

• The Fund remains unregulated up to 500 000 000 Eur (for close-ended fund assuming that there is no leverage)
• Investors can subscribe by contribution in kind into the fund which usually happens when there are existing venture to be brought into a fund which opens to external investors
• Commitment and Drawn down
• Unlimited number of investors or possibility to create capital account
• External auditor is not mandatory
• The Fund can be listed on the Luxembourg Stock Exchange or on any overseas stock exchange
• Capital premium may be used
• No minimum capital
• There is no specific debt/equity ratio
• Carried interest and tracking shares available
• Full tax transparency – no taxation on capital gain, withholding tax upon distribution of the dividends or profit
• No need of regulated asset manager

Furthermore, this vehicle can be set-up within a short period of time (1-2 weeks).