Investment companies in risk capital (sociétés d’investissement en capital à risque - “SICARs”) qualifying as European Social Entrepreneurship Funds (“EuSEF”) or European Venture Capital (“EuVECA”) funds have the option of being subject to the EuSEF and EuVECA legislation. Both regimes benefit from the European passport which permits the marketing of the fund to EU-based eligible investors.
References: Loi du 16 juillet 2019 portant mise en oeuvre des règlements EuVECA, EuSEFs, fonds monétaires (Money Market Fund - MMF), fonds européens d’investissement à long terme (European Long Term Investment Fund - ELTIF) et titrisations simples, transparentes et standardisées (Titrisation STS); Regulation (EU) No 346/2013 of the European Parliament and of the Council of 17 April 2013 on European social entrepreneurship funds; Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance); Regulation (EU) No 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds (Text with EEA relevance); European Investment Funds Initiatives - Impact Finance, August 22, 2020, Bertrand Mariaux; Which Structures Are Mainly Used in Impact Finance?, August 21, 2020, Bertrand Mariaux.
*Podcast #274:
*YouTube Video 263|:
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)