Abstract:
With the approval of AIFMD and other supplementary European regulations, the European legislator has created a collective investment market outside the UCITS products. One of these supplementary regulations is EuVECA, which, for the first time, harmonizes venture capital as a vehicle, creating European venture capital funds or EuVECAs to arouse greater interest throughout Europe in financing the projects of small-scale entrepreneurs in the initial stages. Both AIFMD and EuVECA have facilitated the renewal of the Spanish venture capital legal scenario, particularly regarding the Legislative Draft in this field, by introducing venture capital (capital-riesgo PYME) for the first time in our country.
Keywords: private equity, venture capital, Eu- VECA, AIFMD
