Investment funds - eligibility criteria

To be eligible, a fund must meet the criteria of financial performance and Luxembourg economic substance, while respecting the following requirements:

  • Key sectors: Blockchain, Deeptech (AI/Quantum/Robotics), Energy and CleanTech, Fintech, Healthtech, IoT, Space technologies, Sustainable development.
  • Strategy: Venture capital, private equity, private credit;
  • Legal structure: in Luxembourg, investments in funds not based in Luxembourg possible under certain conditions;
  • Regulation: Regulated or supervised structures, at fund and/or manager level;
  • Shareholders: Minimum 30% private investors;
  • Luxembourg Economic substance:
    • Investment team and/or key persons based in Luxembourg;
    • Search for investment opportunities in Luxembourg;
    • Establishment of companies in Luxembourg;
    • Cooperation with local stakeholders to contribute to the growth of the ecosystem.

 

To facilitate our analysis, your file must include: Investment strategy, presentation of the team and its track record, competitive positioning, governance, legal structure and summary of conditions (Term Sheet).

Do you have a project that meets the criteria above? Submit it to us here:  info-participations@snci.lu

You can consult the main terms of SNCI for investment funds here:

Co-investments - eligibility criteria

To be eligible, a co-investment proposal must meet the criteria of financial performance and Luxembourg economic substance, while respecting the following requirements:

  • Model: Systematic co-investment through a SPV and alongside a venture capital (VC), private equity (PE) or private debt fund.
  • Partner: The co-investing fund must have an element of regulation or supervision.
  • Key sectors: Blockchain, Deeptech (AI/Quantum/Robotics), Energy and CleanTech, Fintech, Healthtech, IoT, Space technologies, Sustainable development.
  • Targets: Startups, SMEs and mid-sized companies, from seed to growth;
  • Shareholders: Minimum 30% private investors.
  • Luxembourg Economic substance:
    • Business plan demonstrating concrete local development (profit center);
    • Material contribution to the innovation of sectoral clusters;
    • Close cooperation with the local ecosystem.

To facilitate our analysis, your file must include: Detailed business plan of the local entity in relation to the global group, presentation of the team, market analysis, governance, as well as a complete presentation of the co-investor fund (history, team, structure and conditions)

Do you have a project that meets the criteria above? Submit it to us here:  info-participations@snci.lu

You can consult the main SNCI terms for co-investments here:

Investment process

Preliminary assesment

  • Discussions around Luxembourg substance and viability of local strategy
  • Review of the transaction, with the objective to understand the DNA of the proposal