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: CyberTech, Deeptech (IA, quantum, robotic, IoT, blockchain, big data), Finance (FinTech), Generalist/Multi-sectoral funds, Health (HealthTech), Real Estate (Construction, PropTech), Space (SpaceTech), Sustainability (GreenTech, CleanTech), Transport.
  • 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, proposition of Luxembourg economic substance (in line with the criteria described above), 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: CyberTech, Deeptech (IA, quantum, robotic, IoT, blockchain, big data), Finance (FinTech), Health (HealthTech), Real Estate (Construction, PropTech), Space (SpaceTech), Sustainability (GreenTech, CleanTech), Transport.
  • 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:

FND - National Defence Fund

For the FND, please visit the page : Eligibility Criteria – FND | Fonds National Défense

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