Dimitrov Petrov & Co has helped NEVEQ set up a new alternative investment fund valued at EUR 23.2 million for collective investment.
According to DPC “this form of an investment fund was unknown until now on the Bulgarian capital market.” According to DPC, “New Vision 3 is targeted at start-up hi-tech companies and aims to support innovative business ideas with both funding and mentoring as well as with management advice." The firm reports that a large part of the AIF financing originates from EU funds, with the rest funded by private investors, both local and international.
The Dimitrov Petrov & Co team included Partners Bogdan Petrov, Zoya Todorova, and Boyana Milcheva, and Associates Radina Tomanova and Polya Dimitrova.
Editor's note: After this article was published, CEE Legal Matters learned that Tokushev & Partners had advised the Bulgarian state-owned Fund Manager of Financial Instruments EAD, which worked with NEVEQ to set up the alternative investment fund. The Tokushev & Partners team included Managing Partner Viktor Tokushev and Senior Associate Boris Teknedzhiev.