When exploring the geographic area of the LPs we focus on while based in the Netherlands, AI suggested we could expand our view to all European LPs if we obtain the EUVECA designation.
To obtain the European Venture Capital Funds (EUVECA) designation, fund managers must comply with specific requirements set by the EUVECA regulation. This includes being registered with the competent authority in their home member state, adhering to investment restrictions (such as investing primarily in small and medium-sized enterprises), and meeting transparency and reporting obligations. Managers must also ensure that their funds are marketed only to professional investors or those who commit a minimum amount specified by the regulation.