An investment company in risk capital (société d’investissement en capital à risque - “SICAR”) must invest its assets in securities representing risk capital. 

The amended law of 15 June 2004 relating to SICAR (the “SICAR Law”) defines investment in risk capital.

Investment in risk capital is the (i) direct or indirect contribution of assets to (ii) entities; 

in view of their,

• launch;

• development; or 

• listing on a stock exchange.

References: Article 1(1) & (2) of the SICAR Law; Eligible Investors (SICAR), Septembre 8, 2020, Bertrand Mariaux.

*Podcast #264:

*YouTube Video 253|: 

Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)

Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)